top | item 33165165 (no title) uup | 3 years ago But did they really enter into these hedges after the GFC? It seems like rates were already near-zero so it wouldn’t have made much sense to hedge against lowering rates. discuss order hn newest benj111|3 years ago Id read the Matt Levine article https://www.bloomberg.com/opinion/articles/2022-09-29/uk-pen...The hedge is because they moved to stocks because of low yields on bonds.
benj111|3 years ago Id read the Matt Levine article https://www.bloomberg.com/opinion/articles/2022-09-29/uk-pen...The hedge is because they moved to stocks because of low yields on bonds.
benj111|3 years ago
The hedge is because they moved to stocks because of low yields on bonds.