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 U.S. government bonds see rates climb to start a holiday-shortened week, after the sharpest weekly yield drop for long-dated debt in months. Debt investors have been weighing the balance of risks of rising cases of COVID-19 cases and new social-distancing restrictions, against positive updates effective experimental cures and therapies for the deadly infection.
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The coronavirus pandemic has transformed the way Americans eat, shop and entertain themselves. Investors need to ask which changes are permanent and which are temporary.
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