Ill Wind Blows on Treasurys


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TreasuryThis year is on track to be the worst for fixed-income investors since 1994, when the Federal Reserve surprised the market with rate increases. Money has flowed out of bond funds in 2013 at the fastest clip in nine years, with $57.3 billion leaving U.S.-listed taxable mutual funds and exchange-traded funds in the past three months alone, according to Lipper. U.S. Treasury yields have increased by more than a percentage point since May, a rise that has caught many analysts and investors off guard.

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