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Yields considerably higher for U.S. government bonds than for U.K. gilts, and Treasuries are cheapest in 23 years vs. German bunds.
"A lot of people are waiting on the sidelines" as the Fed opens a policy meeting.
"A lot of people are waiting on the sidelines" as the Fed opens a policy meeting.
U.S. downgrade likely to be offset by EU debt crisis, slower growth.
