Over the past few months, we have become more positive on US Treasuries.
Concerns raised over Fed tightening and US market slump
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Planning for radical changes in coming years
Growing cost for European investors
Dollar-denominated bonds have not had the best of times recently, writes Mateusz Malek, head of bonds research at Killik & Co.
The EMD hard currency (HC) asset class has declined by 4.75% since the beginning of the year.