From BlackRock to Pimco, bond investors bet Fed hiking is over

From BlackRock to Pimco, bond investors bet Fed hiking is over https://ift.tt/EHqoQxz prospect of the Fed wrapping up its most aggressive tightening campaign in decades also drew investors to another favorite end-of-cycle trade — a steepening yield curve. The wager is that as the focus shifts to the timing of a potential Fed pivot to easing, short-maturity notes will fare better than long-term bonds