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What happened to prices of existing bonds

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Problem - The U.S. Treasury periodically issues new bonds to finance the deficit. Review recent issues of The Wall Street Journal or check related online news to find a recent article on such financing. Does the article suggest that financial markets are expecting upward pressure on interest rates as a result of the Treasury financing? What happened to prices of existing bonds when the Treasury announced its intentions to issue new bonds?

Reference no: EM132914041

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