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The Federal Reserve's dovish tone in its March meeting minutes along with tame wage growth numbers and news that the IMF lowered its outlook for global economic growth to 3.3% for 2019 were boons for longer-dated bond securities, investors were betting that neither the Fed nor other central banks were likely to hike rates anytime soon.

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Reuters 5 years ago

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    "Tom Roseen Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.quotes.net/citizen-quote/302215>.

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