Yield Curve


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>   
>   from: Warren Mosler
>   to: CNBC
>   
>   The long end is higher than ‘equilibrium’ due to the Treasury
>   issuing longer term paper.
>   
>   This adversely alters investment and price signals.
>   
>   When the Fed buys it the curve returns to where it would
>   have been if the government had stayed out of it in the first
>   place.
>   
>   


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