It was a small loss, but worth it just to free up dry powder.
At the fill of $2.57 and cost of $2.66, the P/L was a loss of -3.3% of position, it was maybe 1/10th of 1% of the 2% rule so absolutely negligible.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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