3min chapter

Forward Guidance cover image

Chris Whalen on Big Bank Earnings and the Return of Credit Risk

Forward Guidance

CHAPTER

The Importance of Hedging in the Market

A lot of lenders in the last year have stopped hedging entirely. That's a very primitive way of working the market, but it's low risk and giving conditions today. The longer you have that asset sitting on your book, it's all risk. And you don't know which way. There's no magic formula they send you in a envelope or big board.

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