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Bonds sold off again last week, with the yield on the 10-year Treasury closing over 1.6% for the first time since early June. But this rise in rates is at least a little different than the fall that preceded it. When nominal rates fell from April through July, real rates fell right along with them. But last week’s 14 basis point rise in the nominal rate was all about inflation – TIPS yields were unchanged.
...read full article on Seeking Alpha
