A rate hike will be a 'bear flattener' say bond managers
Bond managers expect the yield curve for US Treasuries to flatten, meaning the long end won’t react much to a Fed rate hike.
With the Federal Reserve board expected to increase interest rates for the first time since 2006 later this year, bond fund managers are preparing for short-term yields to rise further than those on the long end of the US Treasury yield curve.
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