(Of stocks and bonds) not subject to redemption before a certain date or until maturity.
- So why buy noncallable bonds, especially since their yields are lower than callables?
- Yet, inexplicably, Treasury officials decided at that time of record-high interest rates to make 30-year bonds noncallable.
- The data used was the set of all outstanding noncallable Government of Canada bonds for which at least one bid price was available between April 1992 and March 1995.
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