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|User Info||More Yellow Weeds: Chicago PMI; entered at 2009-05-29 13:06:26|
Registered: 2009-01-09 Ohio
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Bond Vigilantes Confront Obama as Housing Falters
Other economists are more pointed. After falling from 16 percent in the early 1980s, 10-year yields have nowhere to go but up, according to Richard Hoey, the New York-based chief economist at Bank of New York Mellon Corp.
The secular bull market in Treasury bonds is over, Hoey said in a Bloomberg Television interview. It ran a good 28 years. Theyre never going lower. Thats it. Its over.