TREASURY PARTNERS

The Great Bond Conundrum
Barron's Online - April 14,2012

Richard Saperstein on why investors should seek to reduce duration in their portfolios as a means of protecting principal.

Wall Street Veteran Steven Feit Joins TREASURY PARTNERS As Managing Director/Partner
March 27, 2012

Higher U.S. Rates in 6-18 Months, Saperstein Says
Bloomberg News, February 27, 2012

Bloomberg Television’s “Fast Forward”
Richard Saperstein shares his insights on the U.S. credit rating, and discuses his investment strategy with regard to the bond markets.

TREASURY PARTNERS Launches New Risk Management Tool, January 5, 2012
TREASURY PARTNERS has launched a proprietary tool designed to assist its Money Market Portal clients in rapidly assessing portfolio risk and responding to global credit exposure.

Investors Business Daily, December 1, 2011
“We can safely say there will be little or no growth out of the euro zone,” Richard Saperstein said. “The best areas of the stock market to invest in today are large-cap dividend payers.”

Emerging Investment Opportunities,
November 9, 2011
During the recent Investment Management Summit in New York City, MONEY-MEDIA, the online news service, videotaped a brief but important interview with our Senior Portfolio Manager, Richard Saperstein.

Helping Clients Understand Risk, The Economist
In this Webcast, Richard Saperstein shares his insights on investment issues relating to the difficult market conditions investors have experienced since late 2008.

Brisk High-Yield Muni Sales Show Investors Are Open To Risk,Wall Street Journal, June 28, 2011
Strong receptions for two muni deals show that once gun-shy investors may be willing to increasingly take on more risk.

A $975 million issue from New York's Tobacco Settlement Finance Corporation, and a $594 million general obligation deal from Puerto Rico opened to institutional bidding earlier than planned, after receiving solid orders from individual buyers.

"These are not your plain-vanilla type of deals," said Richard Saperstein.

Time to Sell Treasuries, Kiplinger's, June 21, 2011
The recent drop in Treasury yields "is a function of the soft patch in the economy," says Richard Saperstein, who expects rates to stay low well into 2012. He's not alone: Few forecasters, including Kiplinger's, believe 10-year Treasury yields will move much for the rest of this year.

O'Hare Airport Muni Deal Could See Lofty Yields, Dow Jones, April 26, 2011, Dow Jones, April 26, 2011
"The O'Hare sale could help re-establish market pricing levels," says Richard Saperstein. "This might set the tone, or at least give the market some direction."

High Yield May Boost Demand For $3.7 Billion Illinois Bond, Dow Jones, February 22, 2011
"It's completely misguided to issue this debt to fund a pension payment," said Richard Saperstein. "We want to see better financial management from Illinois."

30 Year Bull Run In Bonds Is Over, Forbes Magazine, January 17, 2011
"There’s not a lot more room in the bond market for appreciation. Barring a full blown second recession, rates are going up and investors need to protect themselves accordingly," says Richard Saperstein.

New Jersey Agency Shrinks $1.2 Billion Debt Sale By 40%, Dow Jones, January 13, 2011
"There are those who believe there’s going to be a rash of defaults in the bond markets, and those who believe just the opposite. I’m in the latter camp." – Richard Saperstein.