Asset managers overseeing trillions of dollars are cautioning clients to take a defensive position heavy on bonds in the face of rising equity prices and the expectation that the Federal Reserve is increasingly unlikely to cut interest rates much further.
监管数万亿美元资产的资产管理公司警告客户，面对股价上涨和美联储越来越不可能进一步大幅降息的预期，应采取重仓债券的防御性策略。
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