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BOFA MERRILL LYNCH CORPORATE BOND YIELDS & TEN-YEAR TREASURY YIELD (percent) Average of Aaa & Baa Bond Yields Minus 10-Year Treasury Yield* (1.4) * Moody’s seasoned Baa corporate bond yield from 1962 to 1996, then Bank of America Merrill Lynch A-BBB corporate bond yield. Source: Federal Reserve Board and Bank of America Merrill …
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