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2013 3rd Qtr Account Mgmt Review

HIGHLIGHTS

  • Congress shuts down the government for 16 days and sets up a prioritization scenario for entitlements while appropriating funds for basic and critical government services.
  • The economy appears soft and rates seem poised to decline a bit.
  • BRIC countries form a fund and currency prices may have turned a corner.
  • The Detroit Bankruptcy turns a frantic media spotlight on Puerto Rico; we recommend a Hold.
  • Target Portfolio Purchase Yield is maintained at 7.00%

 


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