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I'm not sure what Mr. Sherman might be permitted to say, but I'll ask.
In general, I wouldn't make surprised if some of these are mark-to-market losses; that is, he might be holding a bond that (a) he intends to hold to maturity but that (b) he'd sell at a loss if he chose to sell now. At least that's been true before.
Comments
I'm not sure what Mr. Sherman might be permitted to say, but I'll ask.
In general, I wouldn't make surprised if some of these are mark-to-market losses; that is, he might be holding a bond that (a) he intends to hold to maturity but that (b) he'd sell at a loss if he chose to sell now. At least that's been true before.
I'll share what I hear.
David
Derf
Derf
You're welcome to join!