The three -
year noncallable period is known as the «lockout» period.
Not exact matches
What I am arguing is that choosing the narrow area of the bond market that did best over the last 30
years — highest quality
noncallable long debt, is not a fair comparison against the stock market as a whole.
Like equity, which is a long duration asset, these bonds in the index are
noncallable with 25 - 30
years of maturity.
The yields are comprised of
noncallable bonds 20 - 30
years in maturity.