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An envelope http://beeghd.in.net/ tube beeg   The capital hit is more apparent on banks' trading books - the 'available for sale' (AFS) securities they hold which have to be regularly revalued, or 'marked to market'. These take an immediate hit if interest rates rise, as a bond paying 4 percent is immediately less valuable if new issues pay more.
Janni 2020-01-13 13:39:42

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