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Granted, this is not much change in the greater scheme of things but traders are actually beginning to price in HIGHER interest rates from a more hawkish Fed (e.g. rate hikes). I'm not quite sure how this fits in w/Bailout Ben's Quantitative Easing theory of pushing mortgage rates to <5%.
In fact, it's flying in the face of historical patterns where the fall is traditionally a bear market for equities (and inversely a bull market for bonds).
