If Interest Rates Go Down Do Bonds Go Up

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4 SCI 2 2 Declaration of interest Declaration of interest 11 Cover letter Manuscript Declaration of interest statement Cover letter Declaration

Time fixed effects are another dimension of impacts that may drive the association between the left hand side and main variables of interest fixed effects model 1 This is a carefully done study and the findings are of considerable interest A few minor revisions are list below 2 This is a well written paper containing interesting results which merit

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