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Forced Retirement Selling May Disrupt Santa Rally | Zed Francis

Forward Guidance

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What's the Ultimate Holder of Duration?

All assets have some component of duration to them, whether it's a de minimis or a significant amount. And so anybody that holds assets is long duration to some aspect. That's why in the year that we've experienced so far with a significant move in interest rates, that all assets pretty much anywhere have gone down. The banks are just sitting on the other side of the transaction like perfect.

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