Monday, April 25, 2016

Don't Quite Know What This Neans

Some Federal Farm Credit Bureau bonds I bought a few years ago have been called. I paid $20,120 for them so slightly above par.  They were paying 3.7% per year, so losing a $120 on the principal isn't too bad.  But I think this means farmers have been refinancing their debt at lower interest rates.  Why did it take this long?

No comments: