CNBC's Rick Santelli discusses the latest action in the bond market, as short-term yields remain stubbornly higher than long-term yields. Also a look at the winning play between the U.K pound versus the U.S. dollar.
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The U.S. dollar was on the run in Asia on Thursday after a ratings warning from Moody's and a hint of further policy easing from the Federal Reserve unleashed a wave of panic selling, much to the relief of the hard-pressed euro.
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