Why should I school you for free?They are also discounted, and nobody is paying the face values, at least at the wholesale levels.
If the rate is negative, they're paying above face value.
Wrong.
Did you ever figure out how to buy a negative interest rate bond without paying above face value?
Let me know...…..
Read a book on how bond markets work. We've established long ago you have no idea how anything to do with business, finance, or markets work, you just think you do; playing " I Touched You Last!!!' with dumbasses is something I do in my spare time when nothing else is going on.
Why do I need to read a book for you to explain my error?
Or just admit I was right.
Why should I school you for free? It's obvious you never read anything now, so why bother with your ideological rubbish just because you ask?
For the satisfaction of proving me wrong.
Here's an exercise for you:
I hold two 2 year notes. One has a 0% coupon, the other has a 1% coupon.
What is the lowest price someone could buy them from me in order for him to have a negative YTM?
Thanks in advance!!
Unless you're gonna run away......again.