`First Prime Group Tokyo` Foreign Investors May Sell Treasuries

Released on: September 26, 2008, 9:35 am

Press Release Author: Peter Brice

Industry: Financial

Press Release Summary: “First Prime Group”: A group of the largest holders of US
Treasuries may sell as dollar sinks.

Press Release Body: News emerged today from sources close to “First Prime Group”
that large holders of US Treasury debt may sell tranches of the bonds in favor of
higher-yielding investments.

“First Prime Group” are thought to be advising clients to eschew US government debt
– often seen as a safe-haven – in favor of investment in commodities or shares in
companies producing them.

An individual with knowledge of “First Prime Group” strategy reportedly said that a
yield of 3.4% against US inflation currently above 5% was in effect a negative
return on investment for holders and could eventually see investors asking for
higher interest rates regardless of the precarious condition of the US economy.

Any worsening of the inflation figures and the dollar’s performance in global
currency markets could culminate in a broad sell-off said the “First Prime Group”
source.


Web Site: http://http://www.firstprimegroup.net

Contact Details: news@financal-online.com

Financal Online
MWB Liverpool Street, 55 Old Broad Street
London
England
EC2M 1RX

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