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Thursday, May 29, 2014

Budget

Econ Comments & Analysis                                                                                            
USA Today | Bond yields plunge to 2014 lows
Pushed down by fears of a slowing economy, the yield on the bellwether 10-year Treasury note fell to 2.44% Wednesday, its lowest since June 2013.
NBER | Small Victories: Creating Intrinsic Motivation in Savings and Debt Reduction
Saving when faced with the immediate option to spend is an unpleasant but not conceptually difficult task. One popular approach contradicts traditional economic theory by suggesting that people in debt should pay off their debts from smallest size to largest regardless of interest rate, to realize quick motivational gains from eliminating debts.