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Higher Rates Don't Necessarily Mean A Negative Total Rate of Return
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Learning: Knowledge
"Given where rates are, the expectation almost unanimously is rates have to rise. And while over some reasonable period of time, we don’t disagree with that, it’s a little bit more complicated than that, in terms of making the statement that fixed income isn’t attractive in its various flavors." says Mark Lindbloom, Portfolio Manager, Western Asset.
