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Re: jessellivermore post# 90329

Monday, 08/29/2016 10:14:10 AM

Monday, August 29, 2016 10:14:10 AM

Post# of 429097
JL, fyi. I understand that the cost to borrow has increased to 2% today from 50 bps on Friday. Perhaps the institutions borrow at lower rates, but not necessarily.

2% takes a big bite of the 3.5% coupon.
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