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|User Info||More Yellow Weeds: Chicago PMI; entered at 2009-05-29 14:06:26|
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. They’re never going lower. That’s it. It’s over.”