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Commercial paper is not junk bonds, and is pretty standard for a money market fund to hold. It’s a pretty specific thing and doesn’t really deserve scare quotes
by carnitine 5y ago
Commercial paper is not junk bonds, and is pretty standard for a money market fund to hold. It’s a pretty specific thing and doesn’t really deserve scare quotes.
- michaelt 5y agoPerhaps the "scare quotes" are because Tether can't get anyone reliable to certify their "commercial paper" actually exists.