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As prospects for growth have brightened, yields on longer maturity bonds have risen while short-term rates have been anchored by the Fed.
With the S&P 500 suffering its worst December since 1931, and the equity market falling by nearly 20% at one point during the month, suffice it to say that 2018 ended with a thud rather than a bang. However, just as we saw a snap-back from the drawdown in early 2018 (for different reasons), the […]
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