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Right, if hedging isn't necessary for those bonds then I guess one way of saying it is that they're "notionally hedged". Another is that they weren't hedged.
by mhb 4y ago
Right, if hedging isn't necessary for those bonds then I guess one way of saying it is that they're "notionally hedged". Another is that they weren't hedged.
- dragontamer 4y agoBe that what it may, declaring some bonds to be "held to maturity" is common practice in banking. However, for _these_ bonds, and so much of it, to be declared "held to maturity" is a mistake. There's always wiggleroom in how accountants add up the numbers. They messed up on this part.