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PTM Asset Management owns a five - year floating rate note, with semi - annual payments at 1 8 0 - day SOFR + 2

PTM Asset Management owns a five

-

year floating rate note, with semi

-

annual

payments at

180 -

day SOFR

+ 250

basis points. PTM strongly believes that

SOFR interest rates will rise materially.

PTM is most likely to

Buy

5 -

year US government bonds

Sell

5 -

year US government bonds

Do nothing

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