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... pecific principles of these two types of bonds are very troublesome to explain. It can be simply understood as: subprime loans are the loan grades with the lowest credit for borrowers, so the risks are high and the interest is also high. CDOs are issued with high-interest subprime loans as collateral. As long as the real estate market continues to prosper and housing prices continue to rise, CDOs will earn relatively high returns because subprime loans rarely default.

CDS is a default swa ...

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In the dark night there is no light, save for the sound of war drums and rally cries. The young man listens carefully, it is his heartbeat and the flow of his own blood.

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Soon, Emily was regarded as a child prodigy. She was proficient in all sorts of arts, including zither, chess, and calligraphy, and that’s just the tip of the iceberg.

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