Posted on 03/14/2023 3:00:31 AM PDT by PK1991
I see. Thank you for the clarification. I did use the wrong terminology. To my point, it still seems pensions that own bonds are safe because there is no threat they’ll need to immediately sell or face unexpected withdrawals.
I agree with your pension comment. Pension funds are like insurance companies in that they schedule their portfolio maturities to coincide with expected drawdowns.
norwegian losses are chump change compared to the size of their fund.
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