US Treasuries appeal as uncertainty persists

The US Federal Reserve is unlikely to increase interest rates for some time, keeping a floor under Treasury bond prices. At 1.25%, the Fed Funds rate is at its lowest since it became the primary tool of monetary policy. The last policy move was a 50 basis point easing in November, the 12th cut since easing began in January 2001. Merrill Lynch Investment Managers bond strategist Andrew Roberts believes even with bond prices at record highs, Treasuries are still a strong bet. 'People are focusing on when the Fed might stop cutting interest rates and start buying Treasuries but yo...