Quick heads up: Interest rates keep rising.
The yield on 10-year German bunds hit 2.0% at one point this morning, a level not seen since early 2012.
And US 10-year rates are up to 2.95%, which is a new high for the recent cycle.
The debate about whether this is the result of “tapering” fears or mere normalization after the crisis-inspired plunge inr ates is something others can debate.
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