Description: (MoneyWatch) The price of Treasury bonds fell sharply yesterday after Federal Reserve Chairman Ben Bernanke told Congress the Fed may cut the pace of bond purchases in the next few months if policymakers see indications of sustained economic growth. That pushed the benchmark 10-year Treasury note yield above 2 percent for the first time since March. It also raised fears about the damage that could be done to bond prices if rates rise.
Date: May 23, 2013
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- Do you agree with this assessment of the bond market and guidance for investors?