Ep 212: Pandemonium in India's Banks
The Seen and the Unseen - hosted by Amit Varma
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Why Is There a Secondary Market for Bonds?
Bonds are secured instruments which allow funds to be raised for the long term, or even forever. If a bondholder wishes to exit, she can sell the instrument in the secondary market. This is a case in most developed markets, including the us. Stropcort and like you correctly say that when you don't have that kind of a market flourishing, you also therefore have less information,. The market can't really punish you, because there's nothing that its looking at. There's nothing, you know. Red then took plaslate.
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