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Monday, Mar 25
The spread between 10-year Treasury bonds and comparable German bunds widened Monday after the...
The spread between 10-year Treasury bonds and comparable German bunds widened Monday after the Cyprus bailout sent investors scrambling for the safest of safe havens. At 59 basis points, the premium investors demand to hold Treasuries over bunds is double the 10-year average and sits near a 33 month high. Demand for Treasuries is also being held back by a U.S. economy that is "much better than expected," according to a dealer interviewed by Bloomberg.