1 response

  1. DavidLazarusUK
    17 May 2011

     The free money theory is probably the right one. If they can borrow billions at todays long term low rates it will lower their cost of funds for the duration of the bonds. My concern is for the investors who get locked into the low rates. Interest rates can only go up so why lock into such low rates?

  2. Anonymous
    17 May 2011

     The free money theory is probably the right one. If they can borrow billions at todays long term low rates it will lower their cost of funds for the duration of the bonds. My concern is for the investors who get locked into the low rates. Interest rates can only go up so why lock into such low rates?

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