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What a difference a month makes in bond-land. Just when investors thought U.S. Treasury ((UST)) yields were on the verge of moving even lower - BAM! - a rather visible sell-off ensued. In the process, one could be left wondering what happened to create such a shift in sentiment or if it is just another case of "as the world turns."
Let's get some perspective on these recent developments. In early October, the UST 10-Year yield was challenging the 1.50% level again with the thought being that, perhaps, it would pierce through