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By Joy Wiltermuth
Here’s the message from the bond market: Keep your shirt on.
President Trump’s second term was preceded by an ugly selloff in U.S. government bonds that revived the possibility of 5% yields for the benchmark 10-year Treasury note.
That raised concerns that trouble could be brewing for stocks, and potentially the U.S. economy, if higher long-term rates were to stick around.
Story continues through Marketwatch
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