"commercial paper" could be sus which is 49.5% of holdings ?
This thread reflects my thoughts exactly on l'affaire Tether. The precious metals and secured loan holdings are a little sus but everything else kind of seems finehttps://twitter.com/macrocephalopod/status/1393116627856658432 …
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nah, CP is giga liquid and is even held by prime money market funds. it has super short tenor so its a lot less exposed to duration risk than your average bond. that being said it would be nice to know anything about issuers etc to evaluate quality
End of conversation
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