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Talk Your Book: Investing in Treasuries During a Debt Crisis
Animal Spirits Podcast
The Fear of Not Getting Paid
There's some latent fear. Folks are driving yields up on the short end because that's the one that always has to be paid back most immediately. Money just keeps coming into the short term funds, and we've actually seen the last two weeks money come into the middle and the long end of the curve. But if we pulled up the market timing Hall of Fame, there will be nobody there.
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