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Pandemic bond clauses? Why does this sound like people gambling against the world not having a pandemic
by izzydata 7y ago
Pandemic bond clauses? Why does this sound like people gambling against the world not having a pandemic
- Hongwei 7y agoThat's basically what it is. Another way to think about it is it's a way for the World Bank / WHO to buy insurance against pandemics. Sell high yield bonds that default when a pandemic happens.