Treasuries Rise on Speculation Existing Home Sales Fell – Bloomberg 10-19-12

Salient to Investors:

Charles Comiskey at Bank of Nova Scotia said the market is finding its bottom and becoming a range trade again – there’s no change in the big picture.

Brian Barry at Investec said the economic backdrop is weak and sees no  sustainable improvement in economic indicators.

Gary Shilling at A. Gary Shilling & Co said 10-yr Treasury yields may fall to 1 percent, 30-yr rates may drop to 2 percent as we we are setting up for a global recession, and more people are beginning to worry about deflation.

Read the full article at http://www.bloomberg.com/news/2012-10-19/treasuries-snap-four-day-loss-before-existing-home-sales.html