new high post gfc, page-3

Interest rates are falling worldwide, quite sharply.

The trust borrows at a floating rate plus a margin. That rate must be getting lower by the day.

Therefore the cashflow they are making after deducting interest and costs must be getting bigger, but also the fund's underlying assets must be looking more valuable to a buyer who can borrow at ever decreasing yields and earn a wider margin and therefore return on their money.

I can see why these are going up now, even in this sh1tty market.

Also the ex BNB people almost up to 10% now and someone is still continuing to buy these. Almost 1M gone through again today and still a few hours to go.

Nice.