July 3 (Bloomberg) -- Some of the biggest investors in the U.S. Treasury market say the worst is over after government bonds suffered their largest first-half loss in seven years.
Northern Trust Global Investments' Colin Robertson forecasts a second-half rally. Paul McCulley of Pacific Investment Management Co. says the Federal Reserve is done raising interest rates. TCW Group Inc.'s Barr Segal expects U.S. economic growth to slow...
...``Barring any surprises going forward the Fed is finished for this tightening cycle,'' said McCulley, managing director at Newport Beach, California-based Pacific Investment Management, which manages more than $590 billion in assets including the world's biggest bond fund. ``The market place got it pretty much correctly.''...
...Pacific Investment Management, known as Pimco, is betting on bigger gains among two-year notes than 10-year securities, said Steve Rodosky, head of U.S. Treasury, agency and derivatives trading at the firm.
``After a pause, the next stage is for them to take back some of the tightening,'' Pimco's Rodosky said.
Northern Trust Global Investments' Colin Robertson forecasts a second-half rally. Paul McCulley of Pacific Investment Management Co. says the Federal Reserve is done raising interest rates. TCW Group Inc.'s Barr Segal expects U.S. economic growth to slow...
...``Barring any surprises going forward the Fed is finished for this tightening cycle,'' said McCulley, managing director at Newport Beach, California-based Pacific Investment Management, which manages more than $590 billion in assets including the world's biggest bond fund. ``The market place got it pretty much correctly.''...
...Pacific Investment Management, known as Pimco, is betting on bigger gains among two-year notes than 10-year securities, said Steve Rodosky, head of U.S. Treasury, agency and derivatives trading at the firm.
``After a pause, the next stage is for them to take back some of the tightening,'' Pimco's Rodosky said.
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on Sunday, July 02, 2006 at 10:14 AM.
