A government announces a large, long-term infrastructure spending program that will be financed by issuing new bonds. Considering the typical behavior of participants in the bond market, what is the most probable impact on the investment portfolios of large financial institutions like pension funds and insurance companies?
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A government announces a large, long-term infrastructure spending program that will be financed by issuing new bonds. Considering the typical behavior of participants in the bond market, what is the most probable impact on the investment portfolios of large financial institutions like pension funds and insurance companies?
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