Investors Need to Worry About the Bond Market’s Return to Normality

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The market’s best guess at the real, after-inflation, cost of money is back within the range of what once counted as normal. America has put the era of low rates behind it. Can it cope?

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https://www.wsj.com/finance/investing/investors-need-to-worry-about-the-bond-markets-return-to-normality-843549b7

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