Treasuries and the dollar jumped on haven flows after Russian President Vladimir Putin stepped up his war against Ukraine.
Officials are widely expected to boost rates by 75 basis points for the third time in a row, according to the vast majority of analysts surveyed by Bloomberg. Only two project a 100 basis points move. The escalation of the Russian war is likely to reverberate across markets, deepening the energy and food crisis as well as American exceptionalism, according to Ales Koutny, portfolio manager at Janus Henderson Investors.
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