Replying to Avatar preston

So now US banks are inflation hedged across their entire bond portfolios on their balance sheet….for free….whether they were managing that risk or not….

I wonder what “interesting” incentives will pop out of this…🤔🤔😳😳😳😳
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Cliff 2y ago

The more I think about this, the more retarded it sounds. They can just swap their bonds for the newest issue that’s paying more.. ad infinitum (at least for a year).

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