Investors in longer-term Treasuries could see some rocky road ahead. We have seen an epic “flight to safety” this spring. In April alone, $20.6 billion moved into bond funds, according to Lipper. In the same month, $12.7 billion left stock funds (which marked the 12th consecutive month of net withdrawals).1 The price of debt has […]
IF INTEREST RATES RISE, WHAT HAPPENS TO BONDS? Read More
WEAK JOB MARKET PERSISTS IN JUNE America’s unemployment rate remained at 8.2% in June with non-farm payrolls expanding by just 80,000 positions. The underemployment rate rose to 14.9%. The Labor Department report offered a troubling big-picture detail: our economy has generated fewer than 100,000 new jobs for four straight months, in what seems like a
Economic Update for July 9, 2012 Read More
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