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The Basis Point

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7 Sept 2026Why Does a 0% Bond Cost So Much?Cloudflare raised $2.5bn at a 0% coupon. Split the notes into a bond and an option, and investors paid 100 for something worth about 95.6.8 min 2 Jul 2026Brazil's Winning FormationWhy the 2–5 Year Bonds Control the Game3 min

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