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The minutes from the latest FOMC minutes appear to rule out any last chance of a rate rise in June, while leaving the possibility of a rise later in the year wide open. John Authers examines where this leaves financial markets.

► FT Markets: http://bit.ly/1J5HNd3

► Authers’ Note: http://bit.ly/1Gj930D

► The State of Bond Liquidity: http://bit.ly/1HXqn0E

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