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September 01, 2020 10:18am
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Powerful Forces Keeping a Lid on Long-Term U.S. Interest Rates Despite a Fed Taper

Financial markets have begun to price in the possibility that the U.S. Federal Reserve (Fed) will reduce, or taper, its purchases of U.S. Treasury and mortgage-backed debt. On the surface, one would expect that a very large purchaser of U.S. Treasuries stepping back from that market would lessen...
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