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Citi says it stays neutral duration but now favours Gilts over Japan and the US

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Citi says that since its last monthly asset allocation update, oil has collapsed to pre-war levels and the FOMC has been surprisingly hawkish. The bank stays neutral duration but now favours Gilts, where oil mattered more to the central bank, over Japan and the US, where oil is less relevant and the FOMC's hawkishness more so.

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