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As the US dollar hits its highest point since 2003, John Authers points out that its strength is in part because the yields on treasury bonds are rising, while many other government bonds are trading with negative yields.

► Authers’ Note: http://bit.ly/1Liu16x

► FT Global Economy: http://bit.ly/1J5mmqH

► The State of Bond Liquidity: http://bit.ly/1HXqn0E

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