The Motley Fool

MF Global Disaster: How the Trade Was Supposed to Work

Beginning in 2010, MF Global put on a series of European sovereign bond trades (“repo-to-maturity” transactions). MF Global borrowed money to buy European sovereign bonds with the expectation of pocketing the difference between the bonds’ yield and the interest rate at which it was borrowing. Click the image below to enlarge.

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5 ASX Stocks for Building Wealth After 50

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