California BA bonds
Posted: Wed Sep 09, 2009 8:56 pmDoes anyone here really think that there is a chance of cali defaulting on these bonds? I bought a slug of the 7.55 04/01/39 GO taxables around 94 halfish and really can't bring myself to sell them. I have a nice gain on the trade, but I mean, does anyone really think these things won't pay off? I mean I know that if we get into rampant inflation rates might go up so I have interest rate risk, but besides that, does anyone see any real problem with these bonds?