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DoubleLine: Rising US Treasury yields will help the Federal Reserve keep interest rates unchanged

K-LinePoet
DoubleLine is increasing its allocation to shorter-term government bonds, arguing that Federal Reserve Chair Kevin Walsh’s credibility with investors will help the central bank keep rates unchanged this year. Bill Campbell, global sovereign debt and emerging markets portfolio manager at the firm, said elevated U.S. Treasury yields are driving up borrowing costs, and if data continues to show easing inflation, it could prompt the Fed to keep rates unchanged. (First Financial)
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