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Treasury Talk

Michael McDonald, writing for Bloomberg is talking about What Fidelity Knows About Bernanke That Gross Doesn’t.
Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., says Treasuries maturing in less than two years will lead a market rally next year as the Federal Reserve lowers interest rates.
George Fischer, who oversees $22 billion in debt at Fidelity Investments Inc., the world’s largest mutual fund company, says short-term U.S. government debt will lose the most because the central bank, which meets this week, will keep rates unchanged, possibly through next year.
“We’re at a very odd point here in […]

By Michael Shedlock

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