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Inflation premiums in T-bills primary market dropped 6 percentage points in 2019  

What a difference a year makes! From 3.13 percent inflation premium at the start of the year, inflation premiums on treasury bill rates in the primary market have crashed by more than 6 percentage points to -3.48 percent. The sharp drop in inflation premiums occurred as treasury bill yields declined precipitously and inflation rose marginally…



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