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Sour Start to New Year - January 8, 2013

January 8, 2013 - The broad high-quality bond market began 2013 on a sour note, posting its worst weekly performance since March 2012. Optimism over recently passed legislation to narrowly, or temporarily avert, the fiscal cliff boosted economic growth expectations and concerns that the Federal Reserve (Fed) may end bond purchases as soon as mid-2013 both weighed on high-quality bond prices.

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