Buy American, hire American.
In the world's biggest debt market, domestic purchasers have been faithfully fulfilling the first half of President Donald Trump's inauguration decree.
Demand for U.S. Treasuries has moved "from global to local," Bank of America Merrill Lynch rates strategists Carol Zhang and Shyam Rajan wrote in a note to clients Tuesday. Whether that turns out to be a good thing remains to be seen.
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