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Short-term rates inch up in Fed twist to lowering long-term costs.
TIPS market suggests the Feds bond purchases wont trigger inflation.
Euro trades at four-month high against the dollar on ECB's aggressive tactics.
Markets see borrowing costs staying at record lows for about three more years.
Central bank could lower rate it pays on bank reserves from current 0.25%.
Financial institutions commercial paper shows smallest premium to bills since August.