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Treasuries record shows bears will lose

Economists and strategists stick to their calls that yields will rise as Fed prepares to raise rates

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Long-term US bond yields were also lower in the earlier period, averaging about 3.1 per cent, according to more than 100 years of data provided by Austin, Texas-based Hoisington Investment Management.

IF you're convinced the plummet in yields on US government bonds is an aberration, it may be because you haven't been in the business long enough. With the longest-dated Treasuries now yielding less than half the 6.8 per cent average over the past five decades, it's not hard to see why

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