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The Non-Bailout Bailout

Ones and Tooze

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Ones and Twos Podcast - Is Credit Suisse Going to Break?

This is not a lack of confidence in US bonds per se, right? I mean, people can still- So the bonds are valued to manage to find buyers for the bond. These are outstanding bonds. The new bonds that get issued come with the new and higher interest rates so they're attractive. This is a completely predictable effect of a dramatic increase in interest rates.

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