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The Tell: Why the 10-Year Treasury yield may stay toward the lower end of its recent range as growth peaks, says Western Asset

The Tell: Why the 10-Year Treasury yield may stay toward the lower end of its recent range as growth peaks, says Western Asset

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The bond market is coming to grips with the idea that the U.S. economy likely will remain sluggish over the long run as it learns to live without the extraordinary level of fiscal support supplied by Congress during the pandemic.

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