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How High Will Interest Rates Go?
Many Happy Returns
The U-Shaped Value of Pain in the UK Government Bond Market
Two-year guilt yields are now just shy of 5%. Last time I looked at it was 4.95%, which is their highest level since July 2008. It's the amount it costs the UK government to borrow for two years. But who cares? What does that matter to anyone's real life? Why care? why salivate when I see that?
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