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This is the most common question I get from both institutional and advisor clients. It's a question we'd all like to know the answer to - and one you might expect a bond manager like me to answer. It's like asking a stock-picker where the S&P 500® Index is going to be in six months. The trouble is that these are difficult questions to answer - or at least to answer correctly. Even the most educated prognosticators - the Ph.D. economists - have a rather poor record in