Fed rate rise promises reprieve for insurers

By the time the US Federal Reserve nudged interest rates higher
last week (14 December), the change had already been priced in and
most investors and treasury managers had made any adjustments to
portfolios and allocations that might have been expected as a
result.
But the unanticipated suggestion by the Fed's Open Market
Committee that it would revisit rates three times in 2017 instead
of the previously expected two led to a steepening of the yield
curve by the end...