Treasuries rose, pushing 10-year yields to a two-week low, as the Federal Reserve reiterated that it’s likely to keep the benchmark interest rate close to zero for a “considerable time” after bond purchases end.
David Rolley, vice president of the global fixed income group at Loomis Sayles & Co, which manages $170 billion of investments, comments on the companies outlook for 2012 and why its more defensive this year than last. He spoke at a conference in Doha, Qatar.
Loomis Sayles & Co. is betting that food and energy inflation will prompt central banks in emerging markets including Indonesia and South Korea to raise interest rates and “surrender” the fight against currency gains.
For Michael Hasenstab , manager of the top-rated and best-selling Templeton Global Bond Fund , Greece is the latest example of why investors should avoid countries that rely too heavily on borrowed money.
Venezuela’s dollar-denominated bonds fell for a second day after President Hugo Chavez died and his deputy stepped in to run the country, South America’s biggest oil exporter. The cost of protecting its debt against non- payment rose.