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A hedge fund manager who holds a portfolio of interest rate-sensitive positions has just received an economist's report forecasting a significant shift in interest rates. Accordingly, the manager wants to change the fund's interest rate exposure by investing in fixed-income securities with negative duration. Which of the following positions should the fund manager take?
A
Buy inverse floaters
B
Buy callable bonds
C
Buy interest-only (IO) strips from mortgage-backed securities
D
Buy putable bonds