Death of the Treasury Benchmark: James Saft Commentary - Surety Bond Forums

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07-26-2011, 07:45 PM

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Death of the Treasury Benchmark: James Saft Commentary

A U.S. default or debt downgrade may set off market fireworks but the longer-term effects of the death of Treasury bonds as a universal benchmark of risk may ultimately be more significant. The U.S. appears to be slouching towards a …

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