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How much of a boost would a Grexit provide to US Treasuries?

The Greek authorities’ decision to call a referendum on the proposals of the country’s creditors triggered a decline of around 20bp in the yield of 10-year Treasuries, which has since been only partly unwound. Nonetheless, in the event that the referendum is followed by an actual Grexit, we doubt any further boost to the US government bond market would be especially large or long-lasting.


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