Gelonghui May 24| Mark Dowdin, chief executive of Royal Bank of Canada's asset management firm BlueBay, said that given that the possibility of another Fed rate hike appears to have been ruled out, the fair value of two-year U.S. Treasuries should be at 4.crashbandicootcortexstrikesback.75% to 5.00%. He said: "crashbandicootcortexstrikesbackWe have always maintained a preference for short debt, and from a global perspective, we have recently tended to put short debt (expected) at the top of this range (4.75% to 5.00%). However, we are currently taking a roughly flat stance on global duration, focusing more on curve trading and relative values." The yield on the two-year U.S. Treasury note is now at 4.920%.
