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UBS's Reiman suggests that the bond market is not currently focused on the potential for a new Fed chair by 2026, as the existing chair is expected to maintain a restrictive policy. Key factors will include inflation trends and economic conditions, with the possibility of the 10-year yield reaching 4.75% to 5% if inflation remains a concern. The approach to interest rate risk is cautious, reflecting uncertainty about future inflation management.
20:48 22.11.2024
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