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Déjà vu: It Must Be Spring

Perspectives Content Submission

Thu, 16 May 2013

Déjà vu:  It Must Be Spring The spring season has ushered in disappointing economic news for the fourth consecutive year causing the 30-year Treasury yield to fall 23 basis points and the yield curve to flatten (see chart below).  Non-farm payrolls for March showed only 88,000 new jobs, far fewer t

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