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Headline: The amazing lure of floating rate Source: Euromoney Date: September 2001 Author: Simon Boughey On August 13, the two-year versus 30-year US treasury yield curve gapped out to a seven-year high of 184 basis points. The two-year treasury was trading at its lowest ever yield in the 25 years since the two-year security was first introduced, and three-month Libor was even lower at 3.57%. Moreover, with the US economy showing no signs of recovery, short-end rates seem set to move even tighter. |
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