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The Most Important Number in Investing

Many Happy Returns

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The Significance of Treasury Yields and the 10-Year Treasury Yield

This chapter explores the importance of treasury yields in the market, including their use as collateral and the role they play in defining risk-freeness. It specifically discusses the significance of the 10-year treasury yield in investing and borrowing transactions, highlighting its round number status, liquidity, and position in the yield curve.

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