“Borrowing short-term at a near risk-free rate and lending at a longer and riskier yield has been the basis of modern-day finance. The further out the Fed moves the zero bound towards a system-wide average maturity of seven to eight years, the more credit destruction occurs.” - Bill Gross quoted in the |
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CategoriesAsset/Liability ManagementBank Analysis Bank Regulatory Issues Investment Strategies Loan Participations New Community Banking Model Philosophy |
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