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Pimco sees Treasuries falling as rates rise

But it expects stocks and corporate bonds to weather 50-70 basis point backup in 10-yr rates
Saturday, April 25, 2015 - 05:50

Sydney

PACIFIC Investment Management Co (Pimco) sees Treasuries falling as the US Federal Reserve raises interest rates. Stocks and corporate bonds should be able to weather the shift, according to the manager of the world's biggest bond fund.

"We expect about a 50-70 basis point