``"The increasing divergence between global equity market performance and bond markets has raised questions as to whom is right," Jefferies Group LLC analysts led by Sean Darby wrote in a note. Figuring out which market will be on the right side of history is a pressing issue for analysts, investors and traders. If government bonds prove correct, risk appetite may soon vanish; if the optimism displayed by stocks and corporate bonds is vindicated, then interest-rate markets are likely to sell off in coming months, according to strategists.''

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