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With global investors continuing to focus on the potential timing of the U.S. Federal Reserve tapering its bond purchases, stronger economic data led to higher yields and lower bond prices in early November as it was thought it would hasten the Fed’s decision. In many bond markets, including Canada and the United States, the lower valuations appeared to bring out bargain hunters and bond prices recovered most of their losses by month end. The DEX Universe declined 0.24% in the period.
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