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Treasuries’ Best Run Since 1995 Shows Traders Girding for Worst

  • Bloomberg Barclays U.S. Treasury index is up about 9% in 2020
  • Fixed-income world wary as virus casts doubt on reopenings
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Photographer: Kena Betancur/AFP via Getty Images

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The world’s biggest bond market is holding firm in its conviction that the revival of the American economy from the devastation of the pandemic will be slow and fragmented.