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After posting my grim update on Treasury yields (with an equally grim sidebar on mortgage rates), Chris Kimble's six-pack chart of high yield funds adds some quite different pieces to the bond puzzle.
Chris comments: As most bonds (Governments, TIPs, Muni's and Investment grade) enduring the pain of lower prices and higher yields, high yield funds continue to reflect very positive price action.
If history continues to be a guide, the upward price action of the high yields is a good sign for equities.
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