100 year bonds - would any of you buy them

[morganist]

I don't think this is a good idea.

http://www.guardian.co.uk/politics/...curtis/2012/mar/14/budget-2012-100-year-bonds

It is not something I would buy.

 

[Martinghoul]

Well, the Mexican 100yr bonds went sold like hot cakes, so why not century gilts?

 

[atticus]

Quote from Martinghoul:

Well, the Mexican 100yr bonds went sold like hot cakes, so why not century gilts?

Yeah, but those are callable in kilos.

 

[morganist]

Quote from Martinghoul:

Well, the Mexican 100yr bonds went sold like hot cakes, so why not century gilts?

Your locked in to a really crappy return for a hundred years and I personally think that the UK will either inflate to nothing or default. I can't understand why anyone would think any different.

 

[morganist]

Quote from atticus:

Yeah, but those are callable in kilos.

You mean it is backed by gold?

 

[Martinghoul]

Quote from morganist:
Your locked in to a really crappy return for a hundred years and I personally think that the UK will either inflate to nothing or default. I can't understand why anyone would think any different.

Your opinion is duly noted. However, there's clearly quite a few people out there who love these things (if I had to guess, they're in it for the convexity).

Quote from atticus:
Yeah, but those are callable in kilos.

I'd prefer gallons (preferably of Patron). If that makes me a pussy, so be it.

 

[morganist]

Quote from Martinghoul:

Your opinion is duly noted. However, there's clearly quite a few people out there who love these things (if I had to guess, they're in it for the convexity).

I'd prefer gallons (preferably of Patron). If that makes me a pussy, so be it.

Are the bonds backe by anything?

What does the UK have to provide growth other than the financial sector?

Anyway I won't touch them with a barge pole.

 

[Martinghoul]

Well, I dunno quite what to say... Excuse me while I go slit my wrists.

Talk amongst yourselves, I may be some time.

 

[flipside21]

100 year bond is a toxic security, but only on a longer time frame.

 

[morganist]

Quote from Martinghoul:

Well, I dunno quite what to say... Excuse me while I go slit my wrists.

Talk amongst yourselves, I may be some time.

No need to over react. You can go back to your mother land so what does it matter for you anyway.