U.S. Fed's asset buying might finally be paying off

01/30/2013 | Bloomberg

Analysts point to rising bond yields as evidence that the U.S. Federal Reserve's third round of asset purchases is beginning to pay off with a firming economy. "As the economy picks up, we'd expect that would be a force putting upward pressure on yields regardless of what the Fed is doing on the bond supply side," said James Hamilton, a professor at the University of California, San Diego.

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