Treasurys Shrug Off Fed News.

The article reports on the increase in prices of the U.S. Treasurys in December 2009, which is said to indicate a smooth exit from credit markets. The Federal Reserve (Fed) noted the continued recovery of economic activity and stressed a delay in the deterioration of the labor market. It is stated the investors will be eventually drawn away from Treasurys as the economy continues to gain strength. MFC Global Investment Management portfolio manager Jeff Given cited that such a transition process will be beneficial to corporate bonds.