The lowest rated tranche of a Collateralized Debt Obligation pays the highest interest rate and is the most worthless.
The lowest rated tranche of a Collateralized Debt Obligation pays the highest interest rate and is the most worthless.
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Maybe so, but that will be hundreds of billions of dollars NOT being invested in US debt instruments. We are witnessing an historic financial change. Another milestone awhile back, more money was being invested in China securities than US securities, another historic first….trends my friend, watch the trends….a huge shift is occurring. Couple those trends with all the big money going to private instead of public.