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Dry Powder: Where to Park Your Cash
Many Happy Returns
The Curve's Inverting
The shape of this curve is inverting. Does it tell us anything about what the market expects? Is it expecting rates to then come down? Because in theory, why would we ever buy a 30-year bond right now when we can get a higher interest rate for a six-month bond? The actual arbitrage wouldn't be the spot six-month rate. This is going to make your ears bleed. Robin, I'm prepared.
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