US Treasury - Both Trotters in the Trough of US Capital Markets

Discussion in 'Economics' started by TGregg, May 27, 2010.

  1. TGregg


    May 27 (Bloomberg) -- Dan Fuss, whose Loomis Sayles Bond Fund beat 95 percent of competitors the past year, said he sold all of his Treasury holdings because of prospects interest rates will rise as the U.S. borrows unprecedented amounts.

    “The fundamentals are awful,” Fuss said in a telephone interview yesterday from Boston. “The incremental borrower of funds in the U.S. capital markets is rapidly becoming the U.S. Treasury. Do you really want to buy the debt of the biggest issuer?”