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US commercial paper maybe not. Chinese? Sure. but if so there is zero chance they got out without severe losses unless they were holding all 30B in Alibaba AAAA
by jpgvm 4y ago
US commercial paper maybe not. Chinese? Sure. but if so there is zero chance they got out without severe losses unless they were holding all 30B in Alibaba AAAA bonds or something.
- onlyrealcuzzo 4y agoThat's global commercial paper... The US commercial paper market is the largest in the world: https://www.bloombergprep.com/practice/cfa/10b/lesson/5cf41e/fixed-income-lm-8-fi-2-fixed-income-markets-issuance-trading-and-funding-us-commercial-paper-vs-eurocommercial-paper/#:~:text=The%20US%20commercial%20paper%20(USCP,be%20denominated%20in%20any%20currency https://www.bloombergprep.com/practice/cfa/10b/lesson/5cf41e.... Look, Tether said they don't own any Chinese commercial paper: https://www.bloomberg.com/news/articles/2022-07-27/tether-says-there-is-no-chinese-commercial-paper-among-reserves https://www.bloomberg.com/news/articles/2022-07-27/tether-sa... I don't know why you'd believe they have commercial paper - but think they lied about what kind of commercial paper they had.