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New Bank of England chief faces slow recovery: King
Reuters: Business News
Tue, 27 Nov 2012
LONDON (Reuters) - The Bank of England's new governor faces a "slow and protracted recovery" that may require the bank to make further purchases of government bonds, outgoing chief Mervyn King said on Tuesday.
BlackRock's Rick Rieder expects the bond market to focus more on alpha creation next year, but investors should watch for rising duration risk as well as ongoing troubles in Europe.