The Federal Reserve will not increase interest rates in 2015 due to the low growth environment, said James Keegan, Chief Investment Officer for Seix Investment Advisors. Keegan added that he has profited from increasing his treasury allocation throughout the course of the past year. He said the 10 year Treasury yield will likely stay in a tight yet low range for the foreseeable future. He said he came into this year overweight corporate bonds and mortgage backed securities, but has taken that down to a more neutral allocation relative to his benchmarks. Finally, Keegan said he still sees opportunities in the investment grade corporate sector.
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