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The broad US stock index jumped March 1 by more than 2%, following a strong rally in Asia overnight. So-called “real yields†(the yield on inflation-indexed Treasury bonds) plunged, temporarily allaying investor fears that the Federal Reserve might reduce its massive purchases of US Treasury bonds. Market panic was misplaced, as we declared Feb. 18 […]
The post Tempest in T-bond pot abates appeared first on Asia Times.
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