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Lowering CPF rates, extend redeem date is a Technical Default
An honorable member of the Coffee Shop Has Just Posted the Following:
In all Fixed Income, when you push redemption dates out, and lower the rates, it is a Technical Default... In case you don't know already, a rate of 3.5 to 5 percent is not sustainable. CPF will have to lower rates and stagger payouts. Click here to view the whole thread at www.sammyboy.com. |
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