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How to Play Fixed Income Safely
There are expectations of a pause from the Fed coming up, but we just got that strong PCE number. So I noticed that interest rates aren't going much higher and that makes it relatively safe or do you really have to watch out in bonds? Yeah, no, I think we do think interest rates are going to be trending lower by the end of the year. Let's not forget that the Fed is already well above its assessment of what neutral is. And I think that's going to keep an anchor on how high they go.
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