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Alice Cook at UK Bubble posts this graph and says the rise in long-term Treasury rates is caused by anticipation of massive government borrowing to come, which is why all stimulus packages are doomed in advance:

But here's the shock graph, courtesy of Barry Ritholtz:


click to enlarge

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Feb 9th, 2009 at 11:43:49 AM EST

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