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Interesting. Do you know why the government didn't simply buy them on the open market when they came up and retire them? A 20% premium seems like quite a lot.
by pmyteh 7y ago
Interesting. Do you know why the government didn't simply buy them on the open market when they came up and retire them? A 20% premium seems like quite a lot.
- C1sc0cat 7y agoYes did seem odd - it might have been they wanted to get rid of consols - they are perpetuals so they never expired BTW Though as it would have been old money and savvy investors who had them and would benefit does make you think eh