(Bloomberg) -- Treasuries declined, pushing yields
to the highest since April 2002, after former Federal Reserve
Chairman Alan Greenspan predicted an increase in yields on U.S.
benchmark debt and emerging-market securities.
``We are not buying at the moment; the price action looks
terrible,'' said John Stopford, head of fixed income at Investec
Asset Management in London. Stopford helps manage $12 billion of
debt at Investec. ``The pressure is for higher borrowing costs.
That's likely to continue into next year.''
Read more at Bloomberg Bonds News
to the highest since April 2002, after former Federal Reserve
Chairman Alan Greenspan predicted an increase in yields on U.S.
benchmark debt and emerging-market securities.
``We are not buying at the moment; the price action looks
terrible,'' said John Stopford, head of fixed income at Investec
Asset Management in London. Stopford helps manage $12 billion of
debt at Investec. ``The pressure is for higher borrowing costs.
That's likely to continue into next year.''
Read more at Bloomberg Bonds News
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