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The US$6.3t frenzy that vanquished Treasury bears

Lack of inflation, concern over the strength of growth globally is spurring the biggest returns since 2011
Tuesday, December 23, 2014 - 05:50

New York

WHEN it comes to the ability of the US government to finance itself in the bond market, this year will go down as one of the best on record - and dealers say 2015 will be no different.

The smallest budget deficit since 2008, a soaring dollar and yields on Treasuries that