0508 GMT - Helaba Invest uses the recent rise in U.S. Treasury yields to gradually extend duration, says Jens Bies, the head of rates and FX research and asset management. With the market now pricing in more than three interest-rate hikes by the Federal Reserve, "we see potential--and, above all, a favorable risk-reward ratio--specifically at the short end of the curve," he says. The long end will only become attractive again once economic growth begins to cool, he says.
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