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McDonald: Treasury Yields in New Trading Range

(Bloomberg) -- Comments from Federal Reserve chairman Jerome Powell drove Treasury yields to seven-year highs, said Jim McDonald, chief investment strategist at Northern Trust. He added in an interview with Daybreak Europe’s Markus Karlsson that yields are now in a new trading range, and will stay there as long as U.S. growth holds up. Finally, he spoke about risk factors associated with Italy’s budget drama.

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