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Fear and Loathing in the Bond Market

May 19, 2010

Brian Battle discusses the rush into Treasurys following the heightened fear from the May 6 stock market flash crash. Battle said the 10-year could hit 3.25% soon. He also said that it's likely that China boosted its position in April. "China and others are buying Treasurys because they are denominated in U.S. dollars. It's not because people love the U.S. government or its fiscal policies," he said.

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