Are we starting a secular bear market for US bonds?


by AEI on Sep 13, 2013 | Views: 27 | Score: 0
Sources: aei-ideas.org
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AEI
AEI on Sep 13, 2013 2:45 PM said:

The back-up in US long-term interest rates from 1.6 percent in May to around 2.9 percent at present seems to be dampening the US housing and durable-goods markets. One would think that a further significant back-up in US long-term interest rates could prevent the US economy from recovering at a pace that would reduce large gaps in the labor market.