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The high-yielding stocks slumped as investors increasingly optimistic on the U.S. economic recovery dumped U.S. Treasurys.
WSJ: Stocks Pare Gains
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Demand for Treasurys fell, pushing the yield on the 10-year note up to 1.952%.
WSJ: Stocks Finish Strong
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All except for U.S. Treasurys (and funds holding them) are subject to state income tax.
FORBES: Magazine Article