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They bought those bonds based on the assumption that money would flow in/out within a certain margin and that margin was exceeded. There will definitely be more
by wefarrell 4y ago
They bought those bonds based on the assumption that money would flow in/out within a certain margin and that margin was exceeded. There will definitely be more cases to come where companies who are supposed to act conservatively took on more risk because they’re used to operating in an environment where it was profitable to do so.