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Better late than never

I have been without internet access all day so here goes.

Three month LIBOR fell again, to 2.51% as the thaw gathers speed.
 I note that Ontario offered a new 5 year bond issue at 113 basis points over Canadas, a screaming bargain. Also, Transcanada Pipe has a shelf registration and should be a decent test for the market.
 I could not let pass the news that mutual fund redemptions totalled some $ 8.45 billion last month, putting them $ 8.45 billion closer to zero, which is where they all belong.



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