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Article: Elimination of 30-yr Treasury Bond Increases Need for Fixed-Income Alternatives.
- Article from:
- PR Newswire
- Article date:
- December 3, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ATLANTA -- CNBC's Street Signs recently welcomed Leo Wells, president of Wells Real Estate Funds, to the program to share his "street smarts" on the real estate market after dramatic moves by the Federal Reserve and Treasury Departments to prop up the economy. But according to Wells, the Federal Reserve's tenth consecutive interest rate cut and the Treasury Department's decision to eliminate the 30-year treasury bond has driven bond yields down even further, leaving fixed-income investors strapped for cash.
However, real estate, in the form of REITs and REIT mutual funds, is poised to take up the slack, offering investors consistent and relatively higher ...
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