Treasuries Auction Seen at Record Low on Refuge Demand – Bloomberg 06-27-12

Salient to Investors:

U.S. government debt continues to be the premier haven for investors from global financial market turmoil.

Brian Edmonds at Cantor Fitzgerald is doubtful rates will shoot higher any time soon.

Tsutomu Komiya at Daiwa Asset Management said Treasuries are the safe haven, the economy is improving, but the growth rate is worse than expected.

Will Tseng at Shin Kong Life Insurance Co is waiting for a higher yield before buying.

Eric Wand at Lloyds Banking Group said the Fed is keeping its powder dry hoping for a resolution in Europe, and will apply more stimulus if they have to.

Read the full article at http://www.bloomberg.com/news/2012-06-27/treasuries-snap-loss-on-speculation-manufacturing-to-slow.html