while I agree with you the losses need to show up somewhere - every interest rate hedge will have a counterparty and there will be a cascade of counterparties as each one lays off the risk but in the end someone has the loss. The same thing happened in the GFC.
The cost of laying off the risk to someone else will have kept rising and rising as interest rates continued to rise and would have been very expensive to completely lay off the at them off in the last 6 months.
while I agree with you the losses need to show up somewhere -...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $101.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $122.1K | 1.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54198 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1052418 | 16 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
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| Open | High | Low | Volume | ||
| 12.0¢ | 12.0¢ | 11.8¢ | 428385 | ||
| Last updated 15.37pm 05/06/2024 ? | |||||
| CAI (ASX) Chart |