Friday, May 23, 2014

US Bonds Decline after Fed reassures on rate hike

Hold Treasurys despite low yields: Marc Faber There is "nothing attractive" about Treasurys at the moment says Marc Faber, publisher of The Gloom, Boom & Doom report, but investors should still hold them to offset risks. "I don't think any of the data this morning was that much of a surprise," said Brian Rehling, chief fixed-income strategist at Wells Fargo Advisors in St. Louis. He said the lack of downside surprises kept Treasuries prices slightly lower.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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