Major of HSBC Favors Short-Term Gilts; 'Bearish' on U.S. Notes
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Major of HSBC Favors Short-Term Gilts; 'Bearish' on U.S. Notes
Steven Major, head of fixed-income strategy at HSBC Holdings Plc, talks with Bloomberg's Mark Barton and Naga Munchetty in London about the outlook for Federal Reserve monetary policy and his strategy for U.K. and European bonds. All 112 economists surveyed by Bloomberg predict the Federal Reserve will keep its target rate for overnight bank lending at 5.25 percent for an eighth straight time on June 28. (Source: Bloomberg)
Bloomberg | June 26, 2007
