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Thursday, May 07, 2009

Calling Dr. Heimlich!

The world is choking on our debt.
The benchmark 30-year bond yield climbed 16 basis points, or 0.16 percentage point, to 4.26 percent at 1:22 p.m. in New York, according to BGCantor Market data ... Thirty-year bonds yielded 3.64 percent at the last sale, on March 12.
For those of you keeping score at home, that's more than a half point rise in interest rates in the last two months. The debt tsunami is just beginning.

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