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October 1999

Taking over from treasuries



Meet the Don Spider strategem Lingua franca Latins sweep awards E-lack-of-commerce Woeful ranking US budget surpluses are great news for the politicians, but for the global bond markets they pose a problem: are US treasuries a worthy benchmark any more? Issuance is down across all maturities: the three-year auction was eliminated last year, joining the seven-year, which went a few years before; the two- and 10-year auctions have been reduced in size, five-year auctions now happen on...


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