Thanks for all the informative posts.I buy a lot of callable bonds, and I have found over the years that the gig can be profitable.Over the years, since 1981, we have had declining interest rates, and now we have the Fed’s Zero Interest Rate Policy (ZIRP). The longer ZIRP lasts, the more I would expect that companies will try to call back their high interest bonds and replace with low interest rate bonds or pay off their loans or find other forms of financing. Maybe this time it’s different? Won't your gig become more difficult or less profitable?
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