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7min chapter
Esmark Offers to Buy US Steel, Thwarting Cliffs
Bloomberg Businessweek
Yield Curve Movement and Potential Repricing
The chapter discusses the current state of the markets, focusing on the treasury market and the potential for yields to go up. They explore the implications of short fixed income yields increasing and the movement of the yield curve, questioning why yields haven't repriced yet. The speakers predict a steepener in the bond market as people realize that inflation will persist.
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