MFIs set to default...?

chinesetakeaway · Post by **chinesetakeaway** » Wed Mar 18, 2020 3:49 pm

A protracted shutdown in the KoW will inevitably(?) lead to defaults. Anyone tried recently to cancel a fixed deposit and get your $$$ back?

Jack.R. · Post by **Jack.R.** » Wed Mar 18, 2020 3:58 pm

AMK is Taiwan owned.
So I hope since they contained their outbreak it will survive.

chinesetakeaway · Post by **chinesetakeaway** » Fri Mar 20, 2020 2:42 pm

ABA were offering 1% extra on their term deposits yesterday. But for those who can you’re better off buying PIMCO bond at a bargain of 100. Yield is 4.5% and they only hold US government debt. Duration about 6 years. Apparently the reason for the low price is a rush to cash and a lack of underlying bonds in fund to arbitrage the opportunity.

Phnom Poon · Post by **Phnom Poon** » Fri Mar 20, 2020 5:37 pm

Jack.R. wrote: ↑Wed Mar 18, 2020 3:58 pm AMK is Taiwan owned.

you think they will bail it out if necessary?