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12-10-2010, 12:16 AM #1
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US Treasuries hit by biggest sell-off in two years
US Treasuries hit by biggest sell-off in two years
By Richard Milne in London and Michael Mackenzie in New York
Published: December 8 2010 20:23 | Last updated: December 8 2010 22:18
US Treasuries suffered their biggest two-day sell-off since the collapse of Lehman Brothers, following a torrid month that has seen borrowing costs for western governments soar.
Germany, Japan and the US have all seen their benchmark market interest rates rise by more than a quarter in the past month while the UK’s has risen by nearly a fifth.
EDITOR’S CHOICE
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Money Supply: Bigger than QE2 - Dec-08.
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