Long-dated Treasuries look attractive this year

RSA Investments is favouring long-dated Treasuries in the US in the belief yields will not rise as quickly as at the shorter end of the curve. The group feels the Federal Reserve is unlikely to cut interest rates again this year and that there will be an economic recovery in the US fuelled by the recent loosening of monetary and fiscal policy. According to Dave Hooker, investment manager, fixed interest at RSA Investments, the group forecasts that 30-year Treasury yields will rise to 5.55% over the next 12 months from 5.52%. Five-year Treasury yields will rise to 4.75% from 4.42% o...