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发表于 2019-1-12 09:15:33
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But if you keep the old bonds, no issue. That was your yield BEFORE. And you were happy to get them before.
That is why people will go for SHORT terms bonds when rates go up and Mortgage holders will go the other way.
As long as you do not need cash, your bond is still guaranteeing your interest, NO CHANGE.
Or if you want to move cash from stocks, you either buy new bonds or old bonds with lower interest rate and pay a LOWER price for those old bonds that has a lower interest rate, therefore second hand bonds will be CHEAPER with that old lower interest rate.
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