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bellwether definition - finance
A stock, index, bond, or other financial instrument that shows the direction of a market. Significant and widely owned stocks may become bellwethers of market direction. In the Treasury bond market, the 10-year note is a bellwether.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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