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BofA Merrill Lynch Global Research – A Fixed Income Research Report – Monday, 07 January 2013

Overview – New Year resolutions in Washington

In a remarkable twist from last year, 2013 has begun with optimism on fiscal policy and worries around monetary policy. While some repricing is justified, we believe the market reaction is overdone in certain sectors and recommend longs in the belly of the Treasury curve and agency MBS. Near-term upside to corporate and securitized credit is limited in our opinion.

 

 

Read the full report here.