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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST
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To: Benkea who wrote (25043)9/7/1999 5:45:00 PM
From: Follies  Read Replies (1) of 99985
 

I never understood how raising rates (and crushing older bonds issued at a lower coupon) defended the bond market.


I think its kinda like hitting the accelerater when your car is skidding out of control so you can regain traction.
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