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US long-term bond yields: a crucial variable for the markets in 2024

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9 Jan 2024

The main development of late 2023 was the powerful bond market rally of October-December 2023, which resulted in a decline of almost 120bp in the US 10-year T-Note in just over two months (midOctober to end-December). This was one of the sharpest rallies recorded (third in intensity/day since 1986)...
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