FYI: Few things from 1985 achieved lasting fame and universal acclaim. One of them is the highest-paying U.S. government bond, which easily outlasted 'new Coke," Commodore's Amiga computer, power suits and big hair.
The last U.S. Treasury with a 10 percent coupon, issued 30 years ago this week, is retiring as a government obligation in a matter of days, leaving bond investors nostalgic for coupons five or 10 times.
Regards,
Ted
http://wealthmanagement.com/print/fixed-income/thirty-years-treasury-bond-10-percent-coupon-bows-out-star
