Bond owners receive income even if the issuer isn't performing well. (ally.com)
And, unlike the owners of IRAs, 401 (k) s, or even federally insured CDs, savings bond owners do not receive regular statements to remind them of their status. (newyorklife.com)
It's not as if the cash bond owners are dumb; they are probably a better reflection of the true expectation of default losses, because they can not be traded as easily. (alephblog.com)