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Posted on: Feb. 8, 2018, 5:01 p.m.
In our view, the origin of this correction was the turn in the US dollar last year which loosened monetary conditions in the US. This, combined with an improvement in wage growth, resulted initially in a sell-off in bonds as market participants priced in a more proactive Federal Reserve. Full investment news articleRelevent to this post: State Administration of Foreign Exchange Michigan State University Office of Investments,