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Dry Powder: Where to Park Your Cash
Many Happy Returns
You Can't Read Off Rate Expectations Off the Spot Curve
People expect rates are going to go down in the future, which is not unreasonable to short-term rates. But you can't just take the spot inflation rate right now and say the 10-year government bond is therefore hugely negative in real terms. That's one of the things that's really hard to find on the Bank of England website. So there's an incredibly attractive rate of income for taking almost no duration risk right now.
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