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Why the bond market matters now

Unhedged

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The Rise of Bonds

Bonds are back to the point where people who work in bonds for a living have been laughing at them. Wall Street runs on bullying, that's the fundamental force making the whole street work. You can earn a nice little coupon, a nice little interest rate on it and take pretty much no risk at all if you want to hold US treasuries or investment grade.

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