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Why Greenspan's Bond Conundrum Looks Like the New Normal

  • Global savings limit Treasury yield rise: Oxford Economics
  • Technical forces may account for depressed long-dated yields
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Collins Says Fed Clearly Should Stay on Path for June

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More than a decade after markets first encountered the notion that bonds can resist the pull of benchmark interest rates, investors are facing a rerun of the perplexing conundrum.

The yield on benchmark 10-year U.S. Treasuries has tumbled from its post-election high even as equity markets dance to a bullish beat -- sparking fears that the global market rally could be on thin ice if the bearish growth prognostications implied by government bonds come to pass.