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The End Is near
Summary: How many times have you heard that one before, "The end is near"? However, euphoria was quickly followed by realism, at least in some quarters. The March 2007 eurodollars futures contract rallied over the week ...by a grand total of 6.5 basis points. Instead of the end being at hand, it seems more likely that the Fed's impending halt to its increase in interest rates will be more akin to the pause that refreshes.
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