0719 GMT - The risk to U.S. rates is no longer substantially skewed to the downside, MFS Investment Management says. "It is fair to say that the tactical case for being long duration is not as strong as it used to be just a few months ago," Benoit Anne of MFS IM's strategy and insight group says in a note. The majority of MFS IM's fixed income portfolio managers have revised their market rate projections upwards, he says. In addition, MFS IM's quant investment team rate-forecast, which is based on curve slopes and real yield modelling, takes a neutral view on market rates, Anne says. This supports the notion that caution is probably needed on duration positioning in the period ahead, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 02:19 ET (07:19 GMT)
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