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["Don Bowen" <don.bowen AT earthlink.net>]

http://blogs.reuters.com/great-debate/2008/11/03/commodities-and-the-great-c
onundrum/

 

"The U.S Treasury's forthcoming flood of debt issues threatens to drive up
long-term interest rates. The volume of funds the Treasury needs to borrow
within twelve months has doubled from $1.5 trillion in Oct 2006 to more than
$3.0 trillion in Oct 2008. For the time being, the Treasury can take
advantage of strong safe haven flows to issue short-term securities at
yields below 1 percent. But the appetite for longer-dated paper is
untested."

 

Don Bowen  KI6DIU

http://www.braingarage.com/Dons/Travels/journal/Journal.html