Investors struggling with interest rate uncertainty
Bond allocators are in some disarray, after minutes from Wednesday's Federal Open Markets Committee meeting suggested one or two US rate rises may be on the cards this year.
Conflicting expectations over divergence of monetary policy between the US and other countries are leading skittish investors to stick with short tenors and avoid moving down the credit-quality spectrum too much, heard a FinanceAsia conference yesterday.
Investors are struggling in light of pressure for US monetary tightening contrasted with pressure to loosen elsewhere, noted fund managers at the fifth Borrowers & Investors Forum for Southeast Asia in Singapore.
And Asia’s …
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