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> the fools they would need to find to buy these sort of instruments These fools run your pension fund.
by chewz 7y ago
> the fools they would need to find to buy these sort of instruments
These fools run your pension fund.
- benj111 7y agoWould a 100 year bond be a good match for an annuity? (I guess that's what you're making reference to). 30 year bonds match the expected life expectancy of someone buying an annuity, 100 year bonds not so much.
- chewz 7y agoLonger time to maturity implicates larger interest rate risk. But with rates near zero there seems to be only one way to go. In higher interest rate environment Treasury might repurchase bonds with discount. So this is free money. On the other hand if US goes Japanese for next decade or two it might be last chance for holding gov bonds without paying for the privilege ;-)
- hew 7y agoWhat pension fund?
- coryrc 7y agoThe public employee ones your taxes backstop and guarantee 7% returns despite only getting 3-5%
- reaperducer 7y agoMy company offers a pension, and a 401(k). But then, I'm not in SV.
- spamizbad 7y agoI have a pension fund?