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Is There a Key Stone to Valuation in Bond Markets?
Luke Reynolds: The underlying assumptions that were grossly miscalculated is that inflation was never going to do what it's done. He says people who have been buying these bond instruments for 40 years, all they know is that inflation just keeps going down and getting more stable. "All we're sitting around doing is waiting for the trigger that forces them to fully reserve the debt," he adds.
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