perpetual bond
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Mar 30, 2020 by Ben Inker · across every show →
Everything said about perpetual bond, oldest first
Mar 30, 2020 neutral
Inker: Equities are longer duration than perpetual bonds due to cash flow growth
“Equities are in principle an exceptionally long duration asset. Relative to bonds, they are both a perpetuity, so there is no maturity date, and that makes them long duration. But also, they're even longer duration than a perpetual bond because their cash flow…”