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Reply #3: US treasury bonds are not callable. [View All]

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Statistical

(1000+ posts) Send PM | Profile | Ignore

Wed Mar-16-11 04:52 PM
Response to Original message

3. US treasury bonds are not callable.

Edited on Wed Mar-16-11 04:56 PM by Statistical

You get your money when the Treasury pays you. There is no negotiating. On a 30 year bond you get 60 interest only payments then your principal back at the end of 30 years. Don't like it, don't buy it.

The Japanese can "call in" the debt just about as much as your bank can force you to pay youf mortgage in full in the next 30 minutes (cash only please).

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