Not terribly surprising—though you can pretty easily turn a low risk investment into a high-risk one at relatively low cost with a roulette wheel. It is going to be harder to sell high-risk low return bonds when high-risk average return bonds are also available.
Not terribly surprising—though you can pretty easily turn a low risk investment into a high-risk one at relatively low cost with a roulette wheel. It is going to be harder to sell high-risk low return bonds when high-risk average return bonds are also available.