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by qgin
1496 days ago
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https://markets.businessinsider.com/news/bonds/el-salvador-b... The government is issuing Bitcoin-backed bonds. Subsequently the market has sold off El Salvador’s 10Y traditional bonds to a level that increases the yield to 24%, representing the very high amount of risk of default the market is assigning to El Salvador. Is that all because of the Bitcoin investment or a more general distrust that the government is making sustainable moves? Hard to say. |
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