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by DebtDeflation
1193 days ago
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>Selling the bonds now at their current valuation or taking on debt and hold them to maturity lead to roughly equivalent outcomes. Correct. This is literally why bond prices move inversely to changes in interest rates. The people criticizing you here are ignoring carrying costs (which are fundamental to finance math) and assuming that default risk is the only form of risk (which is obviously false). |
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