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Australia shares weaken after rate cut, U.S. data weighs
Reuters: Basic Materials
Tue, 4 Dec 2012
(Updates to close) CANBERRA, Dec 4 (Reuters) - Australian shares slipped 0.6 percent on Tuesday, weakening further after the central bank cut interest rates a quarter point to a record-matching low, with investor sentiment dampened by concerns about U.S. growth and Washington budget talks. The ...
BlackRock's Rick Rieder expects the bond market to focus more on alpha creation next year, but investors should watch for rising duration risk as well as ongoing troubles in Europe.
An eventual interestrate rise could occur in a relatively benign growth environment, and may happen rather quickly, says PIMCO Unconstrained Bond's Chris Dialynas.