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Bond-Market Game of Chicken With Fed Is Riskier Than Ever

Bloomberg business news

Uncertainty in Bond, Stock Correlations: Rosenberg

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If the Federal Reserve is really so intent on raising interest rates this year, why is Wall Street chopping its forecasts for bond yields?

For all the hand-wringing over the recent selloff that wiped out about $1.2 trillion in value from the global bond market, the fixed-income market’s best and brightest have actually taken down their year-end estimates for Treasuries in four of the past five months.