Market Currents
Fixed-income investors learn a lesson in duration, with last week's rise in Treasury yields...
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Tuesday, January 8, 10:48 AM ETFixed-income investors learn a lesson in duration, with last week's rise in Treasury yields knocking 3.07% of the value of the long bond - more than its annual yield. Yields have come down a bit this week as the implications to the economy of hikes in both income and payroll taxes filters through.
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