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What taper? Low rates for longer is key Fed theme for 2014

From reuters.com

Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer. For the bond market, which suffered a number of doomsday predictions for 2013 that never materialized, that means yields could also remain low. Even if they do rise, it might not be by much, since benchmark 10-year yields have already had a 100-plus basis point increase from lows hit in May. "The Fed under (Fed Chair nominee) Janet Yellen will be committed to a very low federal funds rate for ... (full story)

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