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Nervous bond dealers waiting for the other shoe to drop

Wednesday, April 1, 2015 - 05:50
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Fed chair Janet Yellen has signalled that there is no intention to raise benchmark interest rates quickly.

MAKING easy money in the bond market has perhaps never felt this unnerving. Bond investors are questioning themselves as they cast aside their historical models and watch their debt holdings keep on rallying - thanks to central banks across the globe that are making government bonds scarce by