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Working in the bond markets can be pretty exhausting. If a burned out trader had decided to take a year-long nap on December 1, 2015 with the 10-year US treasury at 2.24%, he or she would have woken up on December 1, 2016 with the UST 10-year at 2.34%. So, nothing much happened last year, right?
Wrong. So much happened it is hard to know where to start. While our bond trader was sleeping, the UST 10-year hit an all-time low of 1.50%
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