Quote:
Originally Posted by MorTech
STRC - Dividend of SOFR+5 paid monthly with near zero risk...Or maybe pay 23X for Olive Garden instead.
STRC obsoletes savings accounts, money markets, short treasuries...Potential $35T.
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Up 1.5% today. Your post must have gone viral, LOL.
At 95% of par, yield is 10.2%.
Seems to good to be true.
What am I missing?