Dry Powder: Where to Park Your Cash
Many Happy Returns
What Bond Is Adequate as a Quasi-Cash Safeish Investment?
Andrew Bailey: What bond is appropriate as a quasi-cash safe-ish investment? You can either take a really old bond, which is just about to mature. Or you can go for short-dated government bonds in the US and UK. At the moment, what's really attractive is anything which is six months or less. That's a really juicy part of the curve.
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