> bond premiums Does this mean you are buying bonds with a price greater than 100%? If yes, can you explain why? On the institutional side, there is an aller

> bond premiums Does this mean you are buying bonds with a price greater than 100%? If yes, can you explain why? On the institutional side, there is an allergy to premium bonds; they only want to buy at par (100%) or less, so normally the coupon rate is adjusted just before issuance to meet their needs.