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CD94: Bank Crisis and Bitcoin with Jesse Myers

Citadel Dispatch

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Bonds Sell for a Lot for Less, Right?

A bond is just a contract that promises to pay this coupon of yield. So when rates go up, your bonds sell for a lot for less. And then meanwhile, the Fed went on this massive tightening cycle,. Like, at a speed we've never really seen. Ever, ever. To go from effectively 0% to 5% in 12 months is outrageous.

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