WI yield at 1.444% ahead of the auction – High yield 1.45% vs. 1.444% WI level – Bid to cover 2.3x vs six-month average 2.41x – Dealers take 24.5% vs. six-month av
<ul><li>There is not yet an all-clear for the inflation problem</li><li>Unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflect
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