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With Treasury yields near their lowest level of the year, many investors have been seeking alternatives in nongovernment debt.
Notes Are Down (By Bloomberg News) -- Treasury notes fell yesterday, as $15 billion of new higher-yielding nongovernment debt lured investors.
Mr. Martino is sticking to a strategy of gradually selling five-year Treasuries and using cash to buy nongovernment debt for its higher yield.
Treasury Prices Stable By Bloomberg News Treasury bond yields held near six-week lows as some investors questioned whether the economy had slowed enough to justify the last month's rally, and opted instead for nongovernment debt.
Treasury Prices Decline By Bloomberg News Treasury bond prices fell as a one-month rally left yields too low to entice investors, who instead bought nongovernment debt for its bigger yield to cushion against the risk of faster inflation.
Nongovernment debt is about to shrink.
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And several bipartisan nongovernment groups have recommended debt and deficit targets enforced by the threat of automatic spending cuts and tax increases.
Yet, about three-quarters of the $1.5 trillion managed by prime money market funds (the nongovernment part of the market) may be plowed into bank debt.
Are you selling your manual to nonmedical, nongovernment people?
Much is also channeled through nongovernment organizations and the Red Cross.
According to a report by a nongovernment group called Global Fund Watch, China actually allocated less than 11 percent to nongovernment groups.
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