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Where the financial market is concerned, complacency is one of the biggest mistakes that both investors and policymakers can commit. For when everyone becomes comfortable with a prevailing trend, an untimely piece of bad news can have a significantly adverse impact upon the market.
The reference here is aimed mainly at the U.S. bond market, which has suddenly awoken from a multi-month slumber. In light of recent developments that we'll discuss here, investors and officials alike must remain alert to the interest rate outlook in the coming weeks and months. I'll make the case that