Federal Reserve Delays Taper Continues Debasement
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Rising bond yields forced Argentina flip to other lenders for funding handle. Earlier I mentioned how the IMF stepped in. Argentina then broadened its request to the world Bank as well as the U.S. Treasury. In the U.S., we now already mentioned support coming from the Fed. Despite all this support and QE action, bond yields in the U.S. take the rise, predictably.
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