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macrodegenerate

Bank Run Watch 2023 after Silicon Valley Bank shutdown

You can sell debt/bonds just like stocks on the secondary market. What they did was buy the bonds on the secondary market at a higher price than...
spinal gas chamber

Bank Run Watch 2023 after Silicon Valley Bank shutdown

It means they bought bonds with a, say 2% rate a few years back, but those same 30 year bonds are now at 3.68% so if they need cash they have to...
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