Treasurys end year as one of the best 2011 investments as Europe continues to worry investors |
Washington Post - Dec 30, 2011 |
Investors clamored for Treasurys in 2011, giving the market its best return since 2008, even after the US government lost its sterling AAA credit rating. The turmoil in global markets only seemed to increase demand for Treasurys, which are still seen as the lowest-risk investments anywhere.
Compared to the U.S. stock market, which is ending the year flat, Treasurys soared 9.6 percent for the year, according to a broad market index from Bank of America/Merrill Lynch. That’s the best return since 2008.
Investors flocked to the safety of U.S. Treasurys after being alarmed by worries that the euro, Europe’s shared currency, would collapse because of the enormous debt loads of countries like Greece.
Read Full Article from Washington Post
- Posted: 2011-12-30 21:26:37
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