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Aug 04 2011

It’s The Economy, Stupid

  • Aug 4, 2011

U.S. likely averted worst-case scenario of default, but credit rating downgrade is still likely. Main impact of downgrade is not the increase in interest rates itself, but rather the liquidity risk in all markets that involve treasury securities as collateral.

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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager