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The bond market is beginning to believe the Fed is serious about two more rate hikes this year

  • Bonds are ripped and yields move higher around the world, taking the U.S. 10-year to the key 3 percent level.
  • Strategists say the market is moving on a number of factors, but key drivers are the fact that the European Central Bank continues to signal it will end asset purchases and now even dovish Fed officials sound serious about rate hikes.

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