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Why Bond ETFs Surged Despite Fed Rate Hike

FYI: Who would have thought that on the day the Federal Reserve hiked its benchmark federal funds rate for the third time in six months, interest rates across the curve would plunge? But that's exactly what happened on Wednesday, confounding many analysts who predicted higher long-term rates.
Regards,
Ted
http://www.etf.com/sections/features-and-news/why-bond-etfs-surged-despite-fed-rate-hike?nopaging=1
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