1
Chris Paine, fund manager at Henderson Global Investors said bonds in particular remain vulnerable.
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Who said bonds are boring?
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Mr Twyford said bonds should be used to raise money for infrastructure and the funds paid back through a targeted property rate.
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The agreement secures to the Government the principal and interest of said bonds, amounting to $58,812,715.48.
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In the future, they shall be notified and ordered to renew the said bonds at the beginning of every year, under the said penalty.
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He said bonds and equities were "highly correlated" but bonds were yielding 9 to 10 percent, and had a lower beta.
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"I believe," said Bonds, "that Brother Gramps' barn is on fire."
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Section 2.-Saidbonds shall bear interest at the rate of--percent per annum, payable half-yearly at--,and be reimbursable in years from their respective issuings.
9
"Let those who have made this solemn pledge meet me at the back door of the arbor," said Bonds as he sat down.