Monday, October 31, 2022

Consols, Gilt and Dutch Auction

Should Rishi Sunak issue perpetual bonds to combat UK's budget deficit? An excerpt from the Financial Times article:

"Perpetual bonds are the ideal tool to use to resolve a serious financial crisis like the present one. Not having to repay the principal provides a tremendous advantage that dwarfs the temporary cost of a high coupon. It could help solve both the housing and pension crises."















Image credit: CartoonStock

No comments:

Post a Comment

Musk, UK and EU's New Communication Regulations

According to this article,  Musk and Zuckerberg are promoting a version of free expression that defines censorship purely in terms of state ...