Rising interest rates unlikely to cause mass exodus of $3.5 trillion in U.S. fixed-income funds.
By Cordell Eddings, Bloomberg|August 18, 2014 at 07:44 AM
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The record $3.5 trillion stockpiled in U.S. fixed-income funds is raising the specter the bond market will buckle under the strain of redemptions once interest rates rise. Simple math suggests there’s little need to worry.
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