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The insiders' edge for 40 Act industry executives!
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 16, 2012 Vanguard Bond Chief Worries Over U.S. Budget Robert Auwaerter, head of Vanguard's [profile] fixed-income group, estimated that the U.S. has four years to get its budget under control before the market drives borrowing rates up, reports Bloomberg. Auwaerter said that the current high demand for U.S. debt reflects an absence of other attractive investments, not confidence in the government's finances. "The U.S. Treasury gets a pass," he said, "in part because the liquidity in that market brings buyers in that would maybe not be there if there was a viable alternative." Autwaerter wrote said that the U.S. has a "three- to five-year time frame" to control its spending before the market will "start to look at us like an Italy or Spain and start to assess a credit risk premium to U.S. Treasury yields." Printed from: MFWire.com/story.asp?s=40619 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |