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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      UNITED States. Dept. of the Treasury
    • Abstract:
      The article discusses implications of high prices and low yields for U.S. Treasury securities. During 2009 the U.S. government will issue several times more debt than it did in 2008. Under these circumstances the prices of these debt securities would be expected to fall. That they have not indicates investors are pessimistic about an economic recovery in the U.S.