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And with the bulls running, the search for yield intensified, sending lower-priced, lower-rated loans higher.
FORBES: S&P/LSTA Index Loan Index Hits All-Time High With A 2.18% Gain In Jan.
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In the year to date, loans are running in the middle of the pack, trailing equities and high-yield bonds, while beating 10-year Treasuries and investment-grade corporate bonds.
FORBES: Connect
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Tests running at two big sawmills, in Europe and in America, suggest that the improvement in yield can run from 2% to 18% for different kinds of tree, with an average gain of 10% in the value of the timber produced from a log.
ECONOMIST: Chopping wood
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The secure element doesn't necessarily need to have power running through it or to be in the midst of near-field communication in order to yield up its cryptographic key to a clever intruder who has sufficient time and sufficient desire to breach the security of a smartphone, bank card or national border.
ENGADGET