Baring's Nangle Says Fed May Cut Rates 100 Basis Points: Video

Toby Nangle, director of fixed income at Baring Asset Management, talks with Bloomberg's Jeremy Naylor in London about JPMorgan Chase & Co.'s agreement to buy Bear Stearns Cos., the Federal Reserve's decision to cut its discount rate and his investment strategy. In its first weekend emergency action in almost three decades, the Fed cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds. Baring Asset Management oversees $55 billion. (Source: Bloomberg)

Bloomberg | March 17, 2008

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