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The end of ECB interest rate hikes bodes well for the long term

The end of ECB interest rate hikes bodes well for the long term

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06:23 GMT – The end of monetary policy tightening cycles is normally positive for bonds and Columbia Threadneedle Investments aims to benefit, fixed income fund manager Alexander Batten says in a note. “As such, our funds are positioned for a long duration, consistent with our view that policy rates are likely at a peak, albeit modest in size given the uncertainties surrounding what has been a unique economic cycle,” he said. Columbia Threadneedle is more confident that the yield curve is likely to continue to steepen, either due to the weight of government bond supply or the start of a policy easing cycle at some point in the year next time, he said. (emese.bartha@wsj.com)

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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