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Optimism About ECB Premature: Fixed Income Strategist

Wednesday, 22 Aug 2012 | 6:15 AM ET

Kevin Giddis, of Raymond James & Morgan Keegan, says that while the ECB's proposal to buy bonds from its member nations is positive, it is premature to think that interest rates will move higher. "I'm in the camp that we're in an oversold condition in the 10-Year," he says.