Insight Investment Recommends Increasing U.S. Treasury Front-End Duration Today, Expects Fed to Hold Rates

According to Jin10, Brendan Murphy, head of North American fixed income at Insight Investment, recommended today (July 28) that investors consider increasing exposure to shorter-end U.S. Treasury duration. Murphy stated the firm expects the Federal Reserve to maintain rates for an extended period, with the next rate adjustment likely to be a rate cut. "Therefore, now may be a good time to consider fixed income allocations, including increased duration exposure along the front end of the curve," he said. The firm will monitor risks including potential spillovers from the ongoing Iran conflict and potential dissenting votes supporting rate hikes at Wednesday's Fed meeting.
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