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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (69888)4/7/2014 1:16:47 PM
From: LLCF  Read Replies (1) | Respond to of 71588
 
Yes, But:

"he who lives by the spread, dies by the spread"

when short rates spike and turns a winner into a loser. Their long end is fixed and short end is going to bite them hard in the not too distant future. Like the dopey federal government and Fed, they believe they will always have a positive spread, an assumption no sane business person makes.

DAK