A 30-year govt bond is liquid. You can sell it with a mouse click.
A 30-year CD, if such a thing existed, is not liquid. Your money is tied up for three decades.
Who in the world is going to replace their bank deposits - meaning, their checking and savings accounts - with a 30-year CD?
NO-ONE.
Quote:
Originally Posted by competentone
People buy 30-year government bonds, why do you think people wouldn't buy 30-year CDs?
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