your dog may be your love, but it is an obligation to others. however everyone likes $$$.
the truth of the matter is banks are in spread business. they earn the spread b/w the yld on credit product they issue vs benchmark government yld as the latter can be hedged. so when the latter is too negative, even credit can carry below zero interest rate.
the truth of the matter is banks are in spread business. they earn the spread b/w the yld on credit product they issue vs benchmark government yld as the latter can be hedged. so when the latter is too negative, even credit can carry below zero interest rate.
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