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Surveillance: ECB Adds to Fed Gloom

Bloomberg Surveillance

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Fixed Income Volatility Is Going to Go Down

The time of central banks being able to hike rates without an impact on the real economy and real growth, that's over. The biggest investment implication is fixed income volatility is going to go down. Expect 10-year interest rates in the US to move maybe in a 100, 150 basis point range next year.

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