Wednesday, May 29, 2013

The 'Great Rotation' — Is It Finally Happening?

The sell-off in U.S. Treasurys on Tuesday, which took yields to their highest levels in over a year, and record high equities have once again given rise to talk that the "great rotation" may finally be here, CNBC reports..

Worries that the U.S. Federal Reserve could slow its massive bond-buying program led the yields on 10 and 30-year Treasurys to jump to their highest levels in 13 months, at 2.07 percent and 3.331 percent, respectively. Added to that, positive economic data out of the world's largest economy fueled the Dow Jones Industrial Average to hit a record close of 15,409.39 on Tuesday…

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