Franklin Templeton's Mohieddine Kronfol said the money manager is shorting Treasury Inflation-Protected Securities, or TIPS, as it expects the value to decline along with inflation expectations.
BNP Paribas favors betting on a rise in the German 10-year real yield to minus 1.7 percent by year-end from almost minus 2 percent on Thursday, with the European Central Bank set to wind down its emergency bond-buying program in the fourth quarter.
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