Interest rate trends are always difficult to accurately predict but we like to follow one of the great bond investors, Bill Gross. With over $600 billion in assets, PIMCO (www.pimco.com) is one of the largest bond investment firms in the world. Here are his predictions:
Short term rates (1-2 year term)"
"We at PIMCO look for a Fed Funds rate of 4¼% by December of 2007. . ."
Long term rates (5 and 10 year term):
". . . with 5 and 10 year yields hovering at levels perhaps 25 basis points higher."
His entire article can be accessed at http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2007/IO+Janaury+2007.htm
Or via the attached
Friday, January 5, 2007
Subscribe to:
Posts (Atom)