Wall Street Weekahead: Bond fund managers see risk Fed cuts rates to zero
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NEW YORK (Reuters) - Speculation the Federal Reserve will continue cutting interest rates well past its policy meeting next week is pushing some bond fund managers into assets ranging from short-term Treasury bills to half-paid off 15-year home mortgages.They're betting that short-term U.S. interest rates will once again return to near zero for the first time since the wake of the 2008 financial crisis. The market is already pricing in a 93.5% chance the U.S. central bank cuts short-term..