Re:Joint Statement by the Department of the Treasury, Federa...
by jkhdigital on Monday March 13, 2023 @07:23AM
(#35134153)
There’s no default risk, that’s all. “Risk-free” only refers to the risk of default. Every (fixed-rate) debt instrument has unavoidable interest rate risk. And the floating rate ones are just transmuting it into default risk.
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