Posted by Income > 2023-10-20 15:58 | Report Abuse

Old horse knows how to get higher rates from his wealth.

Posted by ahbah > 2023-10-20 16:17 | Report Abuse

US bond prices go DOWN ?

Posted by beinvested > 2023-10-20 16:28 | Report Abuse

He has a point. No joke.

Many public-listed companies sold some assets to relief themselves of debts/borrowings that entangled their exercises/operation from going forward.

It may be a piece of land or investment in another company. This is very true if the returns from those investments are lower the cost for the borrowings.

The case in this example is likely that those bonds in USD may not be sold/redeemed simply by the holders. To dump a certain bonds partly or altogether will mean something to the issuers and the consequences can be the worse things will be faced by the holders.

Posted by treasurehunt > 2023-10-21 20:01 | Report Abuse

His point is corrected now and may not be right few years later after interest rate drop below 2% again. By then, greed is back to investors and traders.