@MOEdWatch Correct pension funds are very intelligent most of the time. They are buying corporate bonds that have an incredibly attractive interest yield from companies who are flush with cash flow.
I just wish I could buy those coupons on the open market. I’d be buying some myself
@Jason It should be treated like an expansion in hockey. Only so many join every couple years though they all need to demonstrate proper systems before acceptance. They also must be limited to congress for a set duration of time for security purposes.