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The big picture: The era of cheap money is over and investors must adapt

Ah, remember the days when borrowing money was almost ridiculously cheap? That did not seem too long ago but I think we can safely say that those days are looking rather distant now. Judging by how bond yields have continued to surge to fresh highs in decades, it seems that one thing is rather clear. If you want investors to part with their money, then you're simply just going to have to pay up.…

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