Eagle Asset Management's monthly commentary focuses on their predictions as to where interest rates will be and the affects it will have on the economy and markets.
"Where will the 10-year Treasury be in three years? Will it be closer to 2 percent or 5 percent? I’m now wrestling with this question because the fiscal drag on the economy from the sequester will gradually fade over the coming months. The U.S. Federal Reserve’s tapering talk suggests it sees stronger growth ahead and there have been signs of economic stabilization in Europe and China. We could be close to moving on from the 2008 crisis, in which case interest rates should normalize. Or it could be another false dawn with growth disappointing and rates rolling over again."
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Additional Disclosure:
Opinions and estimates offered constitute Eagle's judgment and are subject to change without notice, as are statements of financial-market trends, which are based on current market conditions. Under no circumstances does the information contained within represent a recommendation to buy, hold or sell any security and it should not be assumed that the securities transactions or holdings discussed were or will prove to be profitable. All holdings are subject to change daily. Eagle is a registered investment adviser with the Securities and Exchange Commission.