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US 2-year bond


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Don't look now, but the US 2-year bond rate is now bouncing around 2.60%.  FFH's bond port is overwhelmingly short-term, so there should be a favourable kick to EPS as the bonds get rolled over.  What's an extra 0.25% applied to $12B of short term bonds, US$300m per year or something?  That's only like $10/sh....




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