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Economic surplurses also pose risks
Change in tone since start of year
Elections and oil prices among top talking points
TERs of 0.06%
Gilt yields set to rise
Increased volatility
Over the past few months, we have become more positive on US Treasuries.
Concerns raised over Fed tightening and US market slump
Avoiding mis-timed rate hike
US 10-year Treasury yields hit seven-year high