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.
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.
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.
U.S. companies from Pfizer Inc. to 3M Co. are beating analysts’ quarterly sales estimates at the highest rate in 1 1/2 years, undeterred by political gridlock in Washington and slowing demand in China.
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.
American employers added jobs at the slowest pace in nine months in June and the unemployment rate unexpectedly climbed to 9.2 percent, sending global stocks sliding on concern the world’s biggest economy is faltering.