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George WillRate it:

>NEW YORK, Dec 30 (Reuters) - U.S. government bond investors hurting after the biggest annual decline in the history of the asset class are riding out yet another selloff, as worries over persistent inflation cloud the prospects for an expected 2023 rebound.Heavyweights such as Amundi, Vanguard and BlackRock turned bullish on bonds in recent weeks, on expectations that inflation has peaked and that a potential recession next year could push the Federal Reserve to end its most aggressive rate hiking cycle in decades. Many investors have followed suit. December’s BofA Global Research survey showed fund managers were the most overweight bonds versus stocks in nearly 14 years.But while bonds rebounded in October and November, prices have retreated over the last few weeks, as investors digested stronger-than-expected U.S. economic data and as China reopened from COVID-19 restrictions, which some believe could add to price pressures in the new year.Falling prices have pushed up yields, which move inversely. Benchmark 10-year Treasury yields have climbed over 40 basis points since mid-December to nearly 3.9%, the highest in over a month. Two-year yields - which more closely reflect monetary policy expectations - hit an intra-day peak of 4.445% on Tuesday, their highest since November.The market seemed to have been getting ahead of itself expecting a pivot to occur from the Fed, it is coming to terms with the fact that the Fed is going to have to be tighter for longer, until theyre really sure that theyve got inflation back under control.

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Aside from an ongoing Ethics Committee probe, the legal cloud over Menendez appears to be lifting. But he still faces political headwinds in his bid this year for a third Senate term and in his purported attempt to retain the committee post. Menendez’s net approval rating among registered voters has fallen 20 points since the start of 2017 -- the biggest decline of any senator up for 2018 reelection, according to a recent Morning Consult poll based on a survey from October through December 2017. New Jersey voters will continue to be reminded of Menendez's dishonest schemes as the election approaches in November, Republican National Committee spokesman Bob Salera recently said. If Menendez indeed reclaims his top post on the foreign relations committee, he would push aside Maryland New Jersey Democratic Sen. Ben Cardin, who now occupies the ranking-member post. The liberal wing of New Jersey Democratic also has expressed concern about Menendez’s return, considering he’s regarded as more moderate than Ben Cardin. Menendez, the son of Cuban immigrants, did not support former President Barack Obama’s efforts to improve diplomatic relations with the Cuban government or the Iran nuclear deal, brokered by the Obama administration. Federal prosecutors decided two weeks ago not to retry Menendez on corruption charges, after their case ended last fall in a hung jury. Menendez, 64, was charged with trading his political influence for gifts and campaign contributions from Florida eye doctor Salomon Melgen. He denied the allegations all along. The prosecutors ’ decision ended Menendez and Melgen’s 11-week trial and their roughly five-year investigation. From the very beginning, I never wavered in my innocence and my belief that justice would prevail, Menendez said after prosecutors dropped the case. I am grateful that the Department of Justice has taken the time to re-evaluate its case and come to the appropriate conclusion. However, The New Jersey Democratic senator also issued a warning last year to those who were eager to replace The New Jersey Democratic senator in the Senate. To those who were digging my political grave so they could jump into my seat, I know who you are and I wo n’t forget you.

New JerseyRate it:

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Perrysburg School Superintendent Thomas HoslerRate it:

Association Chief Economist Bart WatsonRate it:

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