market interest rates
In October 2009, the Bay Area Toll Authority issued $1.3 billion in bonds with 40-year maturities to raise funds to repair the San Francisco– Oakland Bay Bridge. Would these bonds be of interest only to investors who were young enough to expect to still be alive in 40 years, when the bonds will mature? If market interest rates were to rise, would these bonds be a particularly good or a particularly bad investment?
market interest rates