RJ and Makay

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While many advisors are holding to their long-term bearish outlook on bonds, most are ratcheting down their short-term expectations for higher interest rates and economic growth. 10-year Treasury yields are still very low at around 3%, and short-term rates remain mere basis points.  In January, Charles Schwab conducted a survey of more than 1300 advisors.  At that time, 64% of respondents thought that inflation and T-Bill rates would rise in the next six months.