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Heard on the Street: Despite what some deficit hawks have insisted, it won’t take an outbreak of fiscal responsibility in Washington to bring yields down from recent highs. Other things could do it.

Expectations for what the Fed will do are driving the recent moves in long-term yields.

Heard on the Street: Despite what some deficit hawks have insisted, it won’t take an outbreak of fiscal responsibility in Washington to bring yields down from recent highs. Other things could do it.

We haven't written up this one. WSJ Economy has the full story — the link below goes straight to it.

Read the original at wsj.com →

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