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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The world seems to like US treasuries as that is the last best refuge. With a 1.76% return on the 10 year you can see how nervous people are globally as the all time low was apx 1.38%.
Now the thinking in DC is that 30% of 401k funds have to be invested in US treasuries. The govt is licking their chops on that one. That maybe the only way for the govt to sell the debt that they are creating.
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