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And the news by this morning seems to be a lot about yields, things that will move bond markets. It certainly is about Schnabel getting the week started with something a little bit hawkish. Absolutely.Schnabel as the news flow. That's the latest marginal development in terms of forcing yields higher, but that the bigger, very much longer term macro backdrop is exactly as Ray Dalio outlined. We just have a world which is where we've got kind of overburdened with government debt and fiscal promises that we pr ...

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