"Investors have been blindsided by one financial catastrophe after another over the last 18 months, but throughout the tumult, the government bond market has been their friend.
Until now.
A brutal drop in long-dated Treasury prices has caught even the best money managers off guard—in some cases wiping out as much as 60 percent of the gains they booked in last year's huge rally in U.S. Treasuries.
The Vanguard Group, Fidelity Investments, T. Rowe Price and Hoisington Investment Management have seen their government funds down anywhere between 10 percent and 30 percent, as record amounts of debt flood the market to pay for the swelling budget deficit. More...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment