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Why The Shift Away From Treasuries May Not Mean What You Think It Does

By Implode-Explode Heavy Industries

" The debate over what the rise in the Treasury bond yield tells us about the economy is hobbled by the fact that too many of those looking for signals from the credit markets have not fully digested the effect of the implicit guarantee of financial corporate debt. "

Full post as published by Mortgage Lender Implode-o-Meter on June 10, 2009 (boomark / email).