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The 10-year note’s yield is perhaps the most widely tracked rate across the financial universe. Its yield is used as a benchmark for other types of debt, including corporate and agency bonds, such as Fannie Mae and Freddie Mac. The rate is also a barometer for 30-year fixed mortgage rates, auto loans, student loans and […]

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The May 19 deal between the US and China seems to have reduced tensions between the two countries. But, given the global nature of America’s trade deficit, any effort to impose a solution focusing on one country will likely backfire.

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