If so, you buy the longest noncallable bonds, add keep buying every dip, until rates reach your expected nadir. (alephblog.com)
Now, when I was a bond manager, because my client had a large amount of long noncallable liabilities, I bought less liquid debts when I received adequate compensation to do so, but not more than my client's balance sheet could tolerate. (alephblog.com)
Investors may reduce reinvestment risk by investing in noncallable securities. (investopedia.com)