Pimco says the Federal Reserve may raise its benchmark two or three times by the end of 2017.
Stronger economic growth and inflation would drive it to act, Pimco said in a tweet. The company, which manages the world’s biggest actively run bond fund made the posting as rising oil prices added to speculation US inflation will accelerate.
Investors preparing for a central bank move have made Treasuries the world’s worst-performing government bonds. US securities due in 10 years or more have lost 5.8% for investors in the three months through Monday, the biggest loss of 144 government bond indexes tracked by Bloomberg and the European Federation of Financial Analysts Societies.
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