Why does the fact that yields on treasury bonds have not, Financial Management

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Why does the fact that yields on treasury bonds have not

Writing in early 2010, a columnist in the Wall Street Journal observed, "Remarkably, the Treasury market has not yet panicked about the deficits: Yields have barely risen this week."

a. What is the "Treasury market"?

b. Why does the fact that yields on Treasury bonds have not risen indicate that the market "has not panicked" about the deficit?

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Financial Management: Why does the fact that yields on treasury bonds have not

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