Investors are going to face a shortage of very high quality short-end paper. This is because there is much less being issued than will be maturing through the end of next year, Amherst Securities Group (ASG) said in a report released late yesterday. 

The phenomenon reflects the Temporary Liquidity Guarantee Program's (TLGP) paper's maturing as well as the short agency debenture's shrinkage, which is a result of smaller GSE portfolios.

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