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Anything-But-Treasuries Gains as Credit Rebounds

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RISK APPETITES INCREASING
"Wall Street’s biggest bond dealers are loosening their grip on U.S. government debt at a record pace, signaling a continued rally in credit markets," according to Bloomberg. "Holdings of Treasuries by the 18 primary dealers of U.S. government debt that trade directly with the Federal Reserve fell to a negative $10.5 billion last month -- a so-called net short position -- from a record net long of $93.6 billion in June, according to data compiled by the central bank."
SOURCE:   Bloomberg

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