How to Get a BBB Bond

By Paul Kedrosky · February 19, 2008 · ·

Wise-ass inside-bond-baseball comment I overheard today:

Q: How do you get a BBB-rated bond when everything is turning to junk?

A: Buy an AAA-rated bond and wait.

Related posts:

  1. Warren Buffett and the Case for Eliminating Municipal Bond Insurance
  2. Bond Yields, Risk, and Repricing
  3. Why is the bond market so happy?
  4. Teddy Forstmann: “What me, junk bonds?”
  5. The Case for Eliminating Muni Bond Insurers, Part II

Comments

  1. Scott says:
    February 19, 2008 at 2:01 pm

    Ah. The fixed-income equivalent of “How do you make a million dollars?” Cute.

  2. Kyle S says:
    February 19, 2008 at 6:13 pm

    I heard it works even better if you buy an AAA bond issued by an airline.

  3. One Way Stox says:
    February 19, 2008 at 7:09 pm

    “We make millionaires out of multi-millionaires”