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Chris B
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The "dealer community" certainly wishes that there was not an inflation-indexed bond that people could just buy off the government's website, bypassing them and their commissions.
Dec 29 15:15 pm
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All Comments by Chris B »How Bonds Could Fund the Deficit [View article]
Corporate issuance of inflation-indexed bonds is virtually nil because (a) why would investors not just buy TIPS? (b) upside liability is unlimited, and (c) it looks like such bonds will be yielding more than flat rate bonds.
I would agree with the author that now is the time for the government to lock in low rates long term. When the treasury bubble pops, it will cause massive damage, but we might as well reduce our debt load while we can. Are treasuries callable?!