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The New Bond Villain

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The 10-year Treasury note is used as a benchmark for all sorts of other loans, like mortgages. It's also used as a kind of forecast for the economy.

And right now, pundits and money managers are fretting about the yield on the 10-year. It's been hanging out just below three percent for a while, and people are worried that if it goes to three percent or higher it could hurt the economy.

But our guest today, Marilyn Cohen of bond investment manager Envision Capital, says those concerns are way overblown.

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