Halister News

(Bloomberg) -- The Fed could still boost rates “once at the end of the year if everything quiets down geopolitically, but that does not look very likely right now," Dan Fuss, vice chairman at Loomis Sayles, says in an interview with Bloomberg Television.

• "It’s fair to say that both the geopolitical and domestic political environment is such that it’s going to be more difficult for our central bank to go forward and both reduce its balance sheet and bring rates up as much as I earlier thought they would"
• 10Y UST yield unlikely to trade with 1-percent handle with any permanance
• Average maturity of portfolio is about 40% of where it used to run and is now under five years; "it’s the geopolitics and the politics rather than fear of the Fed"

To contact the reporter on this story: Alexandria Arnold in Seattle at abaca3@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Greg Chang