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By Gillian Tett
Published: May 19 2011 14:54 | Last updated: May 19 2011 14:54
Three years ago, investors received a brutal lesson in why it can be risky for banks or other financial institutions to fund long-term holdings with short-term debt. But could it be time for investors to relearn that concept now in relation to sovereign debt?
That is a question hovering over the $14,300bn US Treasuries market as the political fight about US fiscal policy intensifies.
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