"If the market turns and negative basis narrows or goes away, it is a good basket to have in place."--Don Young, senior portfolio manager at Primus Asset Management, about the use of its synthetic bucket in its new collateralized loan obligation.
"If the market turns and negative basis narrows or goes away, it is a good basket to have in place."--Don Young, senior portfolio manager at Primus Asset Management, about the use of its synthetic bucket in its new collateralized loan obligation.