If bonds were permitted to cut their interest payments in response to poor business conditions then all bond interests rates would rise to reflect the risk of future interest rate reductions. Bonds would no longer be bonds by any normal measurement and that market would collapse. Therefore your proposal doesn't make any sense at all.
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If bonds were permitted to cut their interest payments in response to poor business conditions then all bond interests rates would rise to reflect the risk of future interest rate reductions. Bonds would no longer be bonds by any normal measurement and that market would collapse. Therefore your proposal doesn't make any sense at all.