Word: bonde
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Dates: during 1920-1929
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...Authority to issue new bonds, limited for subscription to present bond holders, with a decreased rate of interest to be fixed by decree, and carrying, as an inducement, a guarantee of redemption in gold...
...Several bond houses wrote back, politely but firmly discountenancing the notion of preferring stocks to bonds as investments...
...dispute about the inquirer's $100,000, as a matter of fact, lie several serious questions of economic theory. Some months ago, a Wall Street iconoclast, Edgar L. Smith, wrote a book, Common Stocks as Long Term Investments, which proved that shares were better long pull investments than bonds. This caused no small ruffling in the Wall Street dovecote, especially among its bond houses, but Mr. Smith's figures were persuasive. Now, with the public seriously preferring shares to bonds, some Wall Street bond dealers feel that the pendulum is swinging too far in its new direction...
...years immediately following the War, credit in the U. S. was none too plentiful and U. S. investors were unfamiliar with foreign loans. As a result, the foreign bond issues brought out during this period bore, as a rule, very high coupon rates...
Recent episodes in the bond market have clearly shown that this abnormal situation is changing, probably for good. Credit is now very plentiful in this country, and underwriting houses are actively bidding for new Government flotations, so that their coupon rates and yields are falling rapidly. Moreover, in many instances the credit of the borrowing Governments abroad has improved to such an extent that they are now in a position to bargain on equal, if not superior, terms with U. S. moneylenders...