"As a result, there will be a 3-5% "tax" on anybody wanting to sell their bonds in the secondary market, which will give most investors a very strong incentive to hold onto their bonds to maturity."
Great! A dis-incentive to sell an asset that is denominated in a currency that is being massively diluted on a daily basis.
And so the pin moves ever closer to the bubble in USBonds.
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"As a result, there will be a 3-5% "tax" on anybody wanting to sell their bonds in the secondary market, which will give most investors a very strong incentive to hold onto their bonds to maturity."
Nov 19 09:48 am
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All Comments by Smarty_Pants »The Deteriorating Bond Market [View article]
Great! A dis-incentive to sell an asset that is denominated in a currency that is being massively diluted on a daily basis.
And so the pin moves ever closer to the bubble in USBonds.