Economic Commentary

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THE BAFFLING BOND MARKET

Economic Commentary |

The bond market has been baffling recently.

While U.S. stocks surged earlier this year, the 10-year Treasury yield quietly crept lower, puzzling market participants as the typical relationship between stocks and bonds (higher stock prices, higher yields) broke down at a rapid pace.

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John Lynch Chief Investment Strategist, LPL Financial

Barry Gilbert, PhD, CFA Asset Allocation Strategist, LPL Financial

Callie Cox, Senior Analyst, LPL Financial