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    secondary securities?

    Hello, In the first outline you describe secondary securities as "issued by banks and backed by primary securities.", Would please give me an example of secondary securities, and explain their what qualify a security as "secondary securities". are CMO/MBS are example? Thanks
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    Corporate bonds,and default risk

    Hello: I have noticed that some of corporate bond with very short maturity (1-2 weeks) trade at large discount, even though, the company has announced (declared) and is going to pay the principle on time. Is this undiscovered opportunity by market participant, or is there still risk of...
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