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Need to Know: This bond expert called the initial spike in interest rates. He now says a new chapter will emerge.

Need to Know: This bond expert called the initial spike in interest rates. He now says a new chapter will emerge.

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Scott Peng, the founder and chief investment officer of New York investment manager Advocate Capital Management, made at the beginning of the year what seemed to be a prescient call — that the yield on the 10-year Treasury would spike.

...read full article on Market Watch

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