The Bond Market Abides

This certainly isn’t a novel point, but the bond market has done very well this year, and that’s surprised a lot of folks. The 10-year yield got to 3% at the end of last year, and it was widely expected to climb throughout 2014.

Well, that hasn’t happened. The closing low is near its lowest levels in more than a year.

Posted by Eddy Elfenbein on August 11th, 2014 at 2:08 pm

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