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As stock markets decline for the day, while the dollar sets a fresh high, John Authers looks at the impact of rising US bond yields. They have triggered a sharp reverse in 'bond substitutes' like real estate and utilities.
► Authers’ Note: http://bit.ly/1Liu16x
► FT Markets: http://bit.ly/1J5HNd3
► Where The US Economy Is Headed: http://bit.ly/1CqsOmh
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