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Archive of entries posted on 29th May 2014

Angels in the bathroom. What the bond rally means for equities

Buy bonds. A friend made this call early this year. He believed that the economy was weak and interest rates would, as a result, fall. Which they did. Here’s TLT this year: I’m as surprised as anyone by this huge move. But I’m not surprised by interest rates not moving up, as everyone and their […]