DoubleLine's Shinoda: I Think the 10-Year Goes Higher
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Ken Shinoda of DoubleLine Capital said the Fed's unanimous rate hike was largely in line with market expectations, noting that traders had already priced in a better-than-90% chance of a move. He pointed to the reaction in Treasuries as evidence that the market believes more tightening may still be needed, with the 10-year yield slightly higher on the day and the long bond giving back some of its initial rally. He speaks with Romaine Bostick on "The Close."
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