(There are other emergencies that could bring us to this point. One is a fire, which could result from machinery shorting. Another is a toxic ammonia leak. But these are even more unlikely.)
Neil Sedaka: King of Song
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They recommend selling 10-year bonds following a 17 basis point decline in yields since the start of the year, their best performance over the period since 2020. Bunds are now the most expensive they’ve been relative to short-dated interest rates swaps since March 2025, according to Barclays’ analysis.