Ann: 2022 Market release, page-23

  1. 2,485 Posts.
    lightbulb Created with Sketch. 499
    yields go up bond prices go down.. its simple math

    they are hedged with their liability portfolio as long as they dont sell. the unrealised losses will unwind over time, and be reinvested at higher rates of return

    a completely different situation to what happened during covid, its irrational for the market to sell this result
 
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$7.94
Change
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