I anticipated further securities gains.
My analysis has been focused on asset and liability management and seizing opportunities around it. At some point, market value increases in the securties portfolio will slow. There are still "right side" opportunities. The tender offer for SKRUF was one, but the amount was too light to be successful.
Operationally, SKRRF could continue to lose money or break even. Interest income and gains will have to make up the difference.
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