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08:31 Oct 11, 2004
English to English translations [Non-PRO] Bus/Financial - Finance (general)
English term or phrase:breakeven rates (for bonds)
What does breakeven rates mean in this context?
"We began the quarter intending to buy longer-dated paper, but with the continuing backup in yields, breakeven rates became less attractive and we were forced to concentrate our purchases in the one-to-two month sector."