Treasury Yields Will Hit 1% by Year End: Market Watchers
With the “fiscal cliff” looming, the 10-year Treasury Yields are approaching 1% as investors gravitate toward the safety of government debt. Gerard Minack, Asset Manager at Morgan Stanley, said in an interview this week that investor anxiety over the upcoming tax hikes and spending decreases could be a catalyst for a U.S. recession to begin in January of next year. Minack goes on to say “we know exactly when the recession will begin, January 1st 2013″ with a period of time between election tuesday in November through the end of the year to sort out the mess that will most likely make last year’s debt ceiling debate seem like “cake walk”. With the uncertainty and volitality present and the short term horizon to clean up the situation, where should investors be looking to get the most out of their savings for retirement? Potentially with a guaranteed income product like an indexed annuity.
For the entire article click Treasury Yield to 1%.
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