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Authored by James Colby
It has been just over three weeks since Detroit filed for Chapter 9 protection in federal court. The filing started what may be a one to two month long process to determine the city’s eligibility and number of claimants who may be able to access any settlement resource that may become available.
While some may feel like August's "dog days" may already be descriptive of the next few weeks, I sense an undertone of market uneasiness which seems to me to want to push interest rates even higher (see yield curve graph below). A few observations:
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