Bonner: Step Aside, Fed. Let the Market Set Interest Rates

POITOU, FRANCE — Stocks traded down on Wednesday. Investors are getting spooked by high bond prices (low yields). MarketWatch: The yield for the longest-dated Treasury bond is now a hair’s breadth away from plumbing its lowest level in history. Investors said the $22 trillion U.S. government debt market was now approaching this key milestone on […]

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