𝐌𝐨𝐬𝐭 𝐃𝐞𝐅𝐢 𝐫𝐢𝐬𝐤 𝐝𝐨𝐞𝐬𝐧'𝐭 𝐜𝐨𝐦𝐞 𝐟𝐫𝐨𝐦 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐞. 𝐈𝐭 𝐜𝐨𝐦𝐞𝐬 𝐟𝐫𝐨𝐦 𝐮𝐧𝐜𝐞𝐫𝐭𝐚𝐢𝐧𝐭𝐲. Floating rates. Sudden wicks. Liquidations you couldn't model. 𝐓𝐡𝐚𝐭'𝐬 𝐞𝐱𝐚𝐜𝐭𝐥𝐲 𝐰𝐡𝐚𝐭 @TermMaxFi 𝐢𝐬 𝐛𝐮𝐢𝐥𝐭 𝐭𝐨 𝐫𝐞𝐦𝐨𝐯𝐞 👇

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