But sometime later, perhaps around year-end, investors are likely to sour on the Fed's perpetual bond-buying, known as quantitative easing, and send stocks into a more meaningful decline, he warned.
Britain even has perpetual bonds with no maturity date.
However, in practice, a helicopter money policy would most likely take the form of the BoE buying government perpetual bonds, perhaps covering specific infrastructure projects".
DealBook » Britain Said to Consider Super-Long Bonds | The British government might begin to sell 100-year and even perpetual bonds, which never mature, in an effort to take advantage of low rates, Reuters reports, citing unidentified people in the Treasury.
Ginko Perpetual Bonds (GPB) are all that remains of the funds from the collapsed Ginko Bank.
And then bonds held by the ECB would be replaced by "perpetual bonds".
Fischer illustrates this point with yields on Dutch and British perpetual bonds hovering near 3% through most of the 1800s.
Ginko stopped taking deposits, froze all withdrawals, and converted all its deposits into perpetual bonds.
On August 6, Ginko offered depositors two choices: Either continue to wait to get their funds back, or take the equivalent amount in perpetual bonds that might someday be tradable.
The Invesco Perpetual Corporate Bond, for instance, is just over 38 per cent invested in bank bonds.
