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Dollar?s dramatic decline comes out of your wallet


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This assumes that the yield curve should remain the same shape in the face of a tightening.

 

I see not fundamental reason whatsoever why that should be the case, in fact I would argue that a rate hike should be supportive at the longer end.

Good point Major but as we have see in the last 2 years 13 RATE CUTS reduced the yield on long paper

Can the fed have it both ways? We will have to wait and see.

Perfection is already priced into US long paper as I see it.

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