Bob Brown, Bond Group President at Fidelity Investments, does not believe the Fed will be raising rates in the near future despite hawkish talk in the Fed's most recent minutes. Brown says the low participation rate proves the employment picture remains slack. He also says S&P companies lack pricing power as evidenced by the first quarter's earnings results. The lack of traction in the economy, says Brown, will keep the yield on the 10 year Treasury Note between 2.5% and 3% for the remainder of 2014.

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