Probably not. But I’m assuming someone (fed or someone with big pockets) would be willing to trade them cash for the guaranteed face value of the bonds at maturity, with a haircut of course to make it worth their while
Probably not. But I’m assuming someone (fed or someone with big pockets) would be willing to trade them cash for the guaranteed face value of the bonds at maturity, with a haircut of course to make it worth their while
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