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Bond Market Overestimates When The Fed Will Stop Raising Rates, Says Pimco

FYI: Pimco bets that the Fed will not raise rates more than three times between now and the end of 2019.

The world’s biggest bond fund manager is dismissing the prospect of the Federal Reserve hiking interest rates more than three times before it terminates its tightening cycle.

That means Treasury yields are unlikely to take off anytime soon, said Anthony Crescenzi, market strategist at Pacific Investment Management, or Pimco.
Regards,
Ted
https://www.marketwatch.com/story/bond-market-overestimates-when-the-fed-will-stop-raising-rates-says-pimco-2018-10-15/print
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