The dictionary defines a conundrum as "a confusing and difficult problem or question."
This is especially true when the logical answer to a problem is at odds with an answer derived from careful analysis. Such is the case with making decisions related to the value (benefit) of short-term funding versus longer-term funding. Clearly, logic would have us believe that in a rising rate environment, we would benefit from having as much longer-term funding in place as possible. However, as with most things, the devil is in the details...
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