Invesco, Carmignac Bet Against US Bonds, See Scant Need for Cuts

The bond market’s consensus view that the Federal Reserve will cut interest rates at least twice more this year is at odds with US economic resilience, say portfolio managers at...

By Alice Gledhill, Michael MacKenzie, Will Standring · Bloomberg Markets

The bond market’s consensus view that the Federal Reserve will cut interest rates at least twice more this year is at odds with US economic resilience, say portfolio managers at Invesco Ltd. and Carmignac, who are betting against Treasuries.