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Jan 05 2011

The Bond Bubble Is Beginning To Deflate… Is The Cheap Money Era Ending?

  • Jan 5, 2011

We raised most of our twelve month yield targets this month, based on higher inflation expectations and U.S. debt concerns. Extremely low yields at the short end of the curve are the result of a stimulative Fed policy. Rising yields at the long end of the curve reflect rising inflation expectations.

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