Why Only the Foolhardy Scorn TreasuriesA. Gary Shilling
Dec. 12 (Bloomberg) -- In May, when the Federal Reserve first started talking about reducing its $85 billion monthly purchases of Treasuries and mortgage-backed securities, yields jumped, to 2.72 percent in early July from 1.64 percent on May 1 for the 10-year note, and to 3.68 percent from 2.83 percent for the 30-year bond.
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