The Softest Chains

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Chapter 31 The Client Dinner

"So the hedge sits short, not long," I said, "and the exposure window's too tight to run it the other way, honestly, Q2 data was showing us more runway than we actually had."

"You caught that before Q3?" Faretti asked.

"End of Q2. I reran the sensitivity model with an earlier rate-move scenario. Mos...

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