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When two and four point to seven

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Published Mon, Sep 12, 2016 · 09:50 PM

    Frankfurt

    TWO, four, and seven: These are numbers bandied around in negative-yielding Europe that partly explain the recent surge into emerging markets assets and riskier high-yield bonds.

    For example, a senior Allianz Global Investors bond manager expects US rates to eventually rise to a maximum of 2 per cent.

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