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Re: sab63090 post# 247018

Wednesday, 05/17/2023 10:41:19 AM

Wednesday, May 17, 2023 10:41:19 AM

Post# of 257442

…20-30-40 year maturities is a puzzle to me.....what's your take?

The buyers of these tranches are presumably life-insurance companies and pension funds, who can match the long duration of the bonds to their long-duration actuarial liabilities, thereby neutralizing the interest rate risk.

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