Citi strategists stated that the US Treasury Department's expansion of long-term bond buybacks has eased upward pressure on long-term bond yields, but at the short-term cost of a weaker US dollar. Citigroup recommends investors to end long trades in the US dollar and use it as a financing currency to buy emerging market currencies. Citigroup has raised its views on gold and duration assets, and expects the Federal Reserve to not raise interest rates in the next two meetings.