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Interest Rates

June 8, 2009 - My comments are the same as the last letter. With each passing day, December's top in prices (i.e., low in yields) looks more and more certain.

I don't recommend that traders chase the T-note lower. I do not though have any specific recommendations at the moment as to when to enter on the short side of this market. So for now, I recommend that traders stay on the sidelines.

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