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Most corporates, unfortunately, can be called in early by the issuer.
Most Treasurys cannot be called in early, meaning that if you hold one to maturity you will get the yield you bargained for.
Baldt pushes his 20 analysts to focus on the minutiae: What's in the bond indenture to secure repayment, under what circumstances can they be called in early, and does the market misunderstand them?
This risk is greater on long-term bonds than on bonds due in just a few years, greater on noncallable bonds like Treasurys than on bonds that can be called in early by the borrowers, and greater on bonds with small or zero coupons than on bonds with big coupons.
Similar(55)
Mr Oshima predicts that Mr Fukuda will now survive until an election must be called in September 2009.
Nevertheless, she was what would come to be called in 1980's cutting-edge performance circles a transgressive woman.
Parliament is scheduled for February, but there is still every chance the election will be called in late January (27 January if it happens) for March.
But government sources were adamant that there were "red lines" in the document that Britain found unacceptable, especially what the EU should be called in 2004.
It will probably be called in 2003, but it does not have to be.
"Technically this can last until the next federal election has to be called in 2014," says political scientist Dave Sinardet.
Since the inquests began on 31 March 2014, more than 280 witnesses - including former Liverpool manager Kenny Dalglish, the last to be called in 2014 - have given evidence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com