Visions of better bond play
Q. Why should I pay bond managers any attention at all if we haven't issued bonds for a long time and we are not planning to do so for a while? A.Can I borrow your crystal ball? How can you say with absolute certainty that you won't issue bonds for a while? Now that equity markets are looking pretty useless and the syndicated markets are closed to all except those with the very highest credit ratings, bonds are looking like the only game in town. But you are to be congratulated for remembering
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