NEW YORK -- Want further proof that risk is no longer a four-letter word? Just take a look at what's going on in the bond market.
Since the Federal Reserve announced in mid-March that it would begin buying long-term Treasurys in order to keep their rate down, Treasury bonds and notes have fallen sharply, pushing yields on these securities much higher, according to CNNMoney.com (Bond prices and yields move in opposite directions.)
The yield on the benchmark U.S. 10-Year Treasury note is now about 3.2%, after hitting a year-to-date high of 3.29% on Friday. On March 18, the day the Fed unveiled its Treasury purchase plan, the 10-year yield was about 2.5%.
So what does this mean?
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