Further Bond Selloffs Could Come if Fed Stays on Hold
Dow Jones
3 hours ago
0531 GMT - The market narrative of elevated inflation needing to be dealt with risks a further bond selloff if the Federal Reserve holds rates, says Laffer Tengler Investments' Byron Anderson in a note. "I think the Fed needs to give the market a hike or risk a bigger selloff, with market expectations of over 90% for a hike," the head of fixed income says. Anderson adds that it is hard to find a catalyst that will produce a bond market rally with the multiple cross currents of uncertainty still in the economy, "so we continue to hedge risk in our portfolios." Anderson also says the Fed has a tough situation on Wednesday.
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