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Beyond Hand to Mouth

   
Financial Planning for Independent Schools

Harvard Losing AAA Benefit in Market Shows Swap Risk

March 3rd, 2009

Article on Bloomberg can be read here.  This is why you should not do an interest rate swap.  Note:  when investors are clamoring for your bonds, it means the underwriters dumped the bonds on the market, the financial advisor was asleep, and the interest rate was too high.



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