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DewDiligence

04/13/14 2:59 PM

#8334 RE: jbog #8333

What 'Bonds' are you referring to?

Most fixed-income investments (and “bond proxies” such as PCL) with a duration of 5 years or more have taken a hit since the interest rate on the 10-year T-bond rose by about 100 basis points in May 2013 as a consequence of the Fed’s “tapering” announcement.