Seattle
THE world's most important bond market is stuck in its worst rut in more than half a century.
Ten-year US Treasury yields have been locked between 2.01 per cent and 2.63 per cent in 2017 - a measly 62 basis points. That's the tightest trading range since 1965, when William McChesney Martin ran the Federal Reserve, Lyndon B Johnson was president and Frank Herbert's sci-fi classic Dune hit shelves.
And it's less than half the annual average span of 175 basis points, according to data compiled...
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