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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value The following derivative instruments were outstanding as of December 31, 2022 and December 31, 2021 (dollars in thousands):
Fair Value
Contract typeNotional
Assets
Liabilities
As of December 31, 2022
Credit default swaps$18,000 $234 $64 
Interest rate swaps9,800 90 — 
Treasury note futures3,500 91 — 
Total$31,300 $415 $64 
As of December 31, 2021
Credit default swaps$47,000 $— $1,142 
Interest rate swaps3,649,500 312 — 
Interest rate swaps on unsecured debt100,000 — 31,153 
Treasury note futures360 124 — 
Total$3,796,860 $436 $32,295 
Schedule of Derivative Liabilities at Fair Value The following derivative instruments were outstanding as of December 31, 2022 and December 31, 2021 (dollars in thousands):
Fair Value
Contract typeNotional
Assets
Liabilities
As of December 31, 2022
Credit default swaps$18,000 $234 $64 
Interest rate swaps9,800 90 — 
Treasury note futures3,500 91 — 
Total$31,300 $415 $64 
As of December 31, 2021
Credit default swaps$47,000 $— $1,142 
Interest rate swaps3,649,500 312 — 
Interest rate swaps on unsecured debt100,000 — 31,153 
Treasury note futures360 124 — 
Total$3,796,860 $436 $32,295 
Derivative Instruments, Gain (Loss)
The following table indicates the net realized and unrealized gains and losses on derivatives, by primary underlying risk exposure, as included in loss on derivative instruments in the consolidated statements of operations for the year ended December 31, 2022 and December 31, 2021:
Year Ended December 31, 2022Year Ended December 31, 2021
Contract typeUnrealized
(Gain)/Loss		Realized
(Gain)/Loss		Unrealized
(Gain)/Loss		Realized
(Gain)/Loss
Credit default swaps$(147)$405 $(101)$650 
Interest rate swaps15,954 (59,499)(7,070)70 
Treasury note futures33 (939)(231)(1,478)
Options— — — 274 
Total$15,840 $(60,033)$(7,402)$(484)