Two-year Treasury yields will continue hitting record lows and drop to 0.28 percent by the end of the year, according to John Herrmann , senior fixed-income strategist at State Street Global Markets LLC and that rate’s most accurate forecaster in an analysis by Bloomberg Rankings.
The world’s largest economy will expand in 2011 at the fastest pace in six years as American consumers boost spending, said John Herrmann , a senior fixed- income strategist at State Street Global Markets LLC.
U.S. Treasury yields, which had reached “apocalyptic” levels last week, have pulled back as European officials have grasped the scope of the sovereign-debt crisis, John Herrmann, a senior fixed-income strategist at State Street Global Markets LLC, said today on Bloomberg Television’s “In the Loop” with Betty Liu.
President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.
The cost of living in the U.S. climbed more than forecast in July, which could make it harder for Federal Reserve Chairman Ben S. Bernanke to convince colleagues to immediately act to spur growth after manufacturing in the Philadelphia region plunged in August.