Short-term Treasury yields climbed Tuesday for a second straight session, logging their largest two-day increase since Feb. 16, as a rise in inflation was viewed as supporting the Federal Reserve’s case for hiking interest rates later this year.
Sadly, there are no widows-and-orphans stocks in the investment universe as there were in the early 1950s. Then, stocks yielded more than bonds. Wall Street awaited the deep postwar recession around the corner, but it never showed up.
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