4 ms·
$13b on $113b =12%. With treasuries that is only possible with massive leverage, negative convexity, or other reindeer games. I doubt the prospectus will tell
by AvAn12 1y ago
$13b on $113b =12%. With treasuries that is only possible with massive leverage, negative convexity, or other reindeer games. I doubt the prospectus will tell much. Good luck to everyone involved but I personally am envisioning a ten foot pole and all that.
- oarla 1y ago13B it’s not entirely from treasuries. The breakdown is 7B from treasuries —> probably from the methods you described 5B from Gold —> believable if you notice how gold has done in 2024 1B from other sources. No idea what they are. The article mentions that tether may not have been audited by a third party. So I’m not sure how believable these numbers are.