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In the News: USA Today
Portfolio manager Axel Merk tells USA Today volatility in the Treasury market is well below the historic norm, the hallmark of a bubble "…Axel Merk, manager of the Merk Hard Currency fund, thinks that the Treasury market has been disturbingly quiet. 'When you buy long-term bonds, you have volatility — it's a wild ride out there,' he says. 'In recent years, it's been very smooth sailing, and when volatility goes below the historic norm, that's the definition of a bubble.'…"
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