RPT-U.S. bond managers play defense ahead of expected Fed rate hike

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RPT-U.S. bond managers play defense ahead of expected Fed rate hike

RPT-U.S. bond managers play defense ahead of expected Fed rate hike
CHICAGO, June 26 (Reuters) - The managers of some of America's biggest bond funds are trying to protect their portfolios from the effects of a potential interest rate hike by cutting exposure to emerging markets, boosting liquidity and reducing duration.
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