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Strategies & Market Trends : News Links and Chart Links
SPXL 219.49+0.9%Nov 5 4:00 PM EST
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To: Les H who wrote (8010)7/6/2003 4:28:03 PM
From: Les H  Read Replies (1) of 29592
 
BOND investors are beginning to feel cheated. They feel they were conned into buying bonds on lower yields, on the presumption that authorities would validate their investment decisions. But they find the central banks are not there to underwrite bond market values. It is difficult for bond investors to dispel the suspicion that the central banks’ chief motive in talking down long yields has been to boost housing markets and facilitate the recent issuance boom in corporate bonds.

thescotsman.co.uk
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