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To: clochard who wrote (83572)1/18/2000 10:00:00 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
credit demand continues to explode...i have a feeling the bond markets are not pricing in inflation risk, but credit risk. in fact judging from the way t-bonds are now behaving, the U.S. treasury's credit risk is assessed at being very high. i don't know why, but that's what the bond market is telling us...