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Actionable Bagholders


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#1 Russ Winter

Russ Winter

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Posted 21 May 2009 - 01:23 PM

“Money has no motherland; financiers are without patriotism and without decency; their sole object is gain,” – Napoleon Bonaparte.
Today the Fed came into the Treasury market with less monetization than anticipated. Dealers were left as bagholders resulting in an 16 BP increase in the 10 year T-Note. Is the Fed being bipolar, or in fact [...]

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