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  • $12 Billion Hedge Fund Suffers $1.5 Billion Loss On Massive Treasury Short Squeeze

    $12 Billion Hedge Fund Suffers $1.5 Billion Loss On Massive Treasury Short Squeeze Last November, when we first looked at the monstrous short exposure in the rates complex, we said that a short squeeze of a lifetime in rates was on deck. *TREASURY 30-YEAR BOND YIELD DROPS AS MUCH AS 11 BASIS POINTS Short squeeze of a lifetime on deck pic.twitter.com/P7ESWsYyG8 — zerohedge (@zerohedge) November 4, 2020 Six months later, in June with yields first spiking - and benefitting all the...

    ZeroHedge
  • A. Brown to issue P1.5 billion preferred shares

    A Brown Co. Inc., a listed holding company with interests in power and real estate, is seeking to raise up to P1.5 billion from the sale of preferred shares to boost its war chest for expansion.

    Philstar.com
  • German railway: Floods caused $1.5 billion damage to network

    Germany’s national railway operator has estimated that last week’s flooding caused damage worth 1.3 billion euros ($1.5 billion) to its network

    ABC News
  • German railway: floods caused $1.5 billion damage to network

    Germany’s national railway operator has estimated that last week’s flooding caused 1.3 billion euros' ($1.5 billion) worth of damage to its network, offering another glimpse of the extent of the devastation

    ABC News