David Harris, head of US multi-sector fixed income at Schroders, discusses his expectations for the US fixed income market in the next year
The Federal Reserve (Fed) will do all it can to keep short-term yields near zero.
But long-term yields will have to rise to attract buyers of treasuries.
Investors should therefore keep duration low, be ready to add inflation protection and be prepared to be both selective and tactical.
What’s in store for 2014?