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Citi PB’s Steven Wieting: Floaters still have “a lot of appeal”

Citi Private Bank believes that despite a slowdown in Fed tightening, rates on the short end of the yield curve are likely to edge up in the near term, which bodes well for floating rate fixed income. The downward revised market expectation for 2019 Fed rate hikes makes short duration or floating rate fixed income less attractive, according to Steven…

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