Buy side prepares for fixed-income storm
Mutual funds and other retail investment vehicles are trying to insulate themselves against fixed-income market volatility that could be unleashed as the US Federal Reserve winds down its bond-buying programme – or tapers, in the language of Federal Reserve chairman, Ben Bernanke.
Suggestions that the central bank could end its programme of quantitative easing first came in May, when Bernanke said improving economic conditions could see the Fed rein in its bond purchases, currently running at
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