Description: Wall Street’s biggest firms this year made an extraordinary wager that they probably now regret.
Source: NYTimes.com
Date: June 05, 2014
Link: http://dealbook.nytimes.com/2014/06/05/bond-boom-is-squeezing-the-trading-at-big-banks/?ref=business
Questions for discussion:
- Why did the big banks take the position they did earlier in the year?
- Can they be blamed for their thinking?
- How should they go forward in terms of bonds?
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