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Mohamed El-Erian spoke with Bloomberg Television on the global bond market:
“I can only reconcile it by the ton of cash that’s on the sideline, and the fear that if you don’t lock in interest rates now, you will lose interest income in the future. Every time we have a backup in rates, we have people rush back in.”
Adam wrote on locking in high a rate fixed income investment way, way back in the first week of July:
Good to see folks are catching up.
This article was written by Eamonn Sheridan at www.forexlive.com.
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