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Very interesting article AJ, Thanks.

Today's action indicated to me that the 30 year had gotten a little out of hand and is starting to correct. I applaud Summers announcement that they are going to buy back across the full yield curve and not concentrate on the 10 & 30 year. I am wondering why he didn't wait one more day to say that as there is a big auction of 30 years tomorrow. His remarks cost the gov't a bundle. Probably if he had waited he would have angered a lot of bond traders that he needs to sell to in the future.

Dave
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