= 27d567bc2d48d9f40e9ccc20ea370b15)
Peter_McCluskey comments on Risk-Free Bonds Aren't - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (40)
Eliezer, if you anticipate a default more than 90 days in advance, it doesn't matter that other investors do also. You hold the Treasury bills to maturity and they are paid off before the default.