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  #1  
Old 07-07-2025, 07:59 PM
Knightlax5 Knightlax5 is offline
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Originally Posted by Schlesinj View Post
I was trying to keep it generic since it sounds like a similar concept. The initial response of the bidders was they did not like it. It then became normal.

It is for the sale of municipal bonds to the primary investor (usually an investment bank). Rate just means overall interest rate and cost in this case. The lower the better for the issuer off be bonds.
How are buying bonds the same as buying sports cards? There is no way they DECREASE the price in extended bidding, that would completely defeat the purpose.
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  #2  
Old 07-07-2025, 08:07 PM
Schlesinj Schlesinj is offline
Jamie
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Originally Posted by Knightlax5 View Post
How are buying bonds the same as buying sports cards? There is no way they DECREASE the price in extended bidding, that would completely defeat the purpose.
Sorry to confuse you, lower rates resulting from an extra bid is same idea of extra bid for cards increased price for a card.
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