{"id":27474,"date":"2015-01-14T21:19:58","date_gmt":"2015-01-15T02:19:58","guid":{"rendered":"http:\/\/prefblog.com\/?p=27474"},"modified":"2015-01-14T21:19:58","modified_gmt":"2015-01-15T02:19:58","slug":"january-14-2015","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=27474","title":{"rendered":"January 14, 2015"},"content":{"rendered":"

Yessir, one has to admire all those hard-nosed market timers who positioned themselves for “rising interest rates”<\/a>:<\/p>\n

Treasury 30-year bonds yields are tumbling to record lows as the collapse in oil and commodity prices smothers inflation and hampers global economic growth.<\/p>\n

Global sovereign yields fell to records in the U.K., France, Canada and Japan as a report showed retail sales in the U.S. slumped in December by the most in almost a year, reflecting a broad-based retreat that may prompt economists to cut growth forecasts. The slide prompted traders to push back expectations for the timing of the first Federal Reserve interest-rate increase into December less than a month after speculating that rates could rise as soon as April.
…<\/b>
Even at the record low yield of 2.39 percent reached today, 30-year Treasuries are attractive to global investors looking at negative returns on the sovereign debt of nations including German with the European Central Bank expected to add to its bond-buying program as policy makers seek to avert deflation.<\/p>\n

The Treasury sold $13 billion of 30-year bonds at an auction-record-low yield of 2.430 percent.<\/p>\n

Thirty-year bond yields dropped five basis points, or 0.05 percentage point, to 2.45 percent as of 2:31 p.m. in New York, according to Bloomberg Bond Trader data. The momentum that caused the previous record low of 2.44 percent set on July 26, 2012, to be eclipsed is being driven by the following factors.<\/p>\n