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Long bonds |
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At that time, the savings bonds held by the average American paid a very low rate of interest compared to that offered on the treasury notes, bills, and long bonds, largely held by wealthy individuals and financial institutions. So, the inflation premium that we are used to seeing as investor demands on long bonds increase just isn't there because people believe the Fed is going to be much more effective in achieving its two main objectives: promoting economic growth and price stability. I CAN PUT YOU INTO SOME SHORT-YIELD HIGH-GROWTH LONG BONDS AT AN AMAZING DISCOUNT |
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