3 ms·
> the business was probably too conservatively managed. The problem here was not holding safe assets Duration, duration, duration. Their failure to recognize
by bequanna 4y ago
> the business was probably too conservatively managed. The problem here was not holding safe assets
Duration, duration, duration.
Their failure to recognize this as a risk even with “safe” assets is the problem. Hedging interest rate risk is not uncommon or difficult.