Jekyll and Hyde is a reference to a popular book used to describe a stock market with ‘split personalities’ where Jekyll is a good market with predictable moves and Hyde is a bad market with a lot of volatility, twists and turns. Due to the human factor in the markets Jekyll and Hyde can occur quite often.
Joint bond occurs when 2 or more partners give guarantees for interest and principal. In case of default those, holding the bonds have the right to claim any of the assets of the issuing institution. Joint bond reduces risks and borrowing cost.
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