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November 9, 2010

CNN Money: Kenneth Naehu Quoted in “Treasury Yields Rise After Midday Auction”

“Treasury Yields Rise After Midday Auction,” by Charles Riley, CNN Money.

Now, the market is “trapped” between the expectation of government debt purchases and foreign investors selling similar assets, said Kenneth Naehu, the managing director and head of fixed income at Bel Air Investment Advisors.

“Some of the players are a little squeamish on the question of whether foreign holders will be selling into this,” Naehu said. “It’s one thing for the Fed to be buying such a large amount, but another thing if foreigners in the secondary market use it to sell.”

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