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Wednesday, July 27, 2011

People Are Worried Uncle Sam Won't Pay Them


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Wednesday, July 27, 2011
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People Are Worried Uncle Sam Won't Pay Them

In addition to the stock carnage today, the most alarming action was at the short end of the yield curve, where rates have basically hugged the 0%-line for ages.

Here's a look at 2-year Treasury futures (via CME), which fell notably today, before bouncing back (marginally).

People are worried about getting paid. Read »


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