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Bond market's 'dumb money' looks smart in US$350b shift

Treasuries remain the deepest and most liquid government bond market in the world

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There are plenty of reasons to be bearish on US government bonds. They pay almost nothing, the Federal Reserve wants to raise interest rates and money managers are largely convinced they're too expensive.

New York

THERE are plenty of reasons to be bearish on US government bonds. They pay almost nothing, the Federal Reserve wants to raise interest rates and money managers are largely convinced they're too expensive.

None of that really matters to Steven Kurashima.

Just last

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