Bernanke’s Tapering Talk Backfires Amid Bond Yield Surge

Federal Reserve Chairman Ben S. Bernanke has repeatedly said a reduction in the Fed’s $85 billion in monthly bond purchases wouldn’t mean an end to record easing. Investors are behaving as if they don’t believe him. The yield on the 10-year Treasury note has risen to 2.19 percent, an almost 14-mo…

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Bernanke’s Tapering Talk Backfires Amid Bond Yield Surge

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