Bond Buyers See No 1994 Rout Helped by Bernanke ClarityLiz Capo McCormick and Daniel Kruger
Bond investors are gaining confidence that Federal Reserve Chairman Ben S. Bernanke will unwind the central bank’s unprecedented $3.3 trillion balance sheet without sparking a crash similar to 1994, when Alan Greenspan surprised the market by doubling benchmark lending rates in 12 months.
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