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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (63588)1/31/2001 2:34:03 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
i forgot...you do realize that certain Japanese debt instruments were trading at a de facto negative interest spread in '98? i.e., adding up all the interest to maturity plus the par repayment resulted in a loss for the buyers.
so it's not unprecedented...
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