Beginning in 2010, MF Global put on a series of European sovereign bond trades ("repo-to-maturity" transactions). MF Global borrowed money …
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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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