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BlackRock to Pimco find bond sweet spots as Fed decision looms

Foreign central banks and mutual funds bought a record portion at the US$13b auction of 30-year bonds recently

New York

FACED with an imminent increase in US interest rates, the biggest bond investors say it's not the time to abandon fixed-income assets.

Pacific Investment Management Co and Fidelity Investments are betting that the Federal Reserve will keep rates low until inflation