- Fed to rely more on forward guidance than QE
- Bond returns may be less than historical averages
- Says sell longer maturity debt in this environment
- 5-10 year bonds represent better value than 3 months ago
- Fed to keep funds rate low into 2016 or longer
- Strategy is to place less emphasis on duration, focus on other parts of the bond market that provide carry
Wednesday, August 14, 2013
Fed tapering probability 80% in September says Pimco’s Bill Gross
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment