Treasury yields are headed up in 2017—the only question is by how much

The brisk move leaves bond-market watchers staring into 2017 and wondering if the potentially too-far, too-fast surge in yields hearkens a calmer bond market—and a lid on rising market interest rates? Others are confident that market rates, much like the short-term interest-rate tool in the hands of the Federal Reserve, are inevitably headed higher, potentially slowing housing and other rate-sensitive segments of the economy.
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