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Bond prices have been under pressure this week as yields jumped to a 10-month high on a range of factors, including forecasts for better global growth, U.S. tax reform, and reports some nations could scale back U.S. debt purchases. Things have calmed down a bit, and while Allianz Chief Economic Adviser Mohamed El-Erian expects more […]
As investors cope with uncertainty in Europe, the interest on the 10-year Treasury note, the benchmark cost of U.S. debt, hit a record low of 1.6 percent.