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November 4, 2008

Treasury Trying to Pre-Finance TARP, etc.?

While the U.S. Treasury’s current capital needs are undeniable, its just-announced Q4 fund-raising plans are epochal. Is it trying to fully pre-finance current plans, knowing full well that yields are going to rise as struggling U.S. creditors find other, higher uses for the same capital over the coming months?

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