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Interest rates calculated by way of the method described above are a statistical aggregation of quite a few data reflecting many trades for different issuers, maturities, and so forth. Accordingly, the reported interest rates purport to replicate activity in certain segments of the market, but they may not equal rates of interest for any specific commerce. As with different statistical processes, this one is designed to minimize the difference between the rates of interest at which actual trades occur and the estimated rates of interest.

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