Bond yields are driven by the market’s estimate of the average federal funds rate over the next 10 years, plus some compensation for the risks associated with predicting that. Barclays finds bonds at fair value but not cheap yet.
Bond yields are driven by the market’s estimate of the average federal funds rate over the next 10 years, plus some compensation for the risks associated with predicting that. Barclays finds bonds at fair value but not cheap yet.
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