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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Les H who wrote (44002)1/6/2006 3:04:07 PM
From: mishedlo  Read Replies (1) of 116555
 
Interesting question.
Had they any brains they would have brought it back when the yields were lower. Hell they could have had 10 yr financing for 3% back in 2003. 30 yr only got to the low 4's. It is not that much higher today.

The question I guess is how much and how fast the US attempts to roll over into longer term debt. I suspect it will actually be a mistake if they do as I expect ST rates to drop (which puts me of course in an extremely small minority). I am less positive (short term) on what longer term stuff does. There could easily be a revolt at the long end when the Fed pauses.

Mish
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