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Fed Gets a bit Stubborn Plus a Teaser to Demographic Work
In the week just passed most Treasury yields rose a bit with the curve flattening in the process. It’s really a tale of two curves; the front part vs. the back end. The front end dealt with an FOMC statement that didn’t offer any serious surprises but did affirm that a June hike was on the proverbial table. The back end, specifically 30s, outperformed for different reasons.
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