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So, as usual the Treasury will offer the yield curve up to do what is required to hang its paper. To hell with bond investors who happen to hold anything, too late, they are just a memory. Such behaviors are compelled, of course, but the market remembers; some day the foreigners will not buy and the local yokels will be much loved again, if they ever were. What are we doing?
Aug 05 20:31 pm
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All Comments by whidbey »Bond Expert: Tuesday Wrap [View article]