My point exactly. These are risks inherent in buying/owning this financial instrument. Thus, procuring it is not without risk.
You might get your money back. But that money might be worth shit due to inflation. It might be impossible to sell the bond due to a shortage of liquidity, etc, etc.
It's naive and basically wrong to characterise a bond as zero risk just because there is an (almost) zero percent chance you won't get your money back on maturity. This is merely _one_ risk.
You might get your money back. But that money might be worth shit due to inflation. It might be impossible to sell the bond due to a shortage of liquidity, etc, etc.
It's naive and basically wrong to characterise a bond as zero risk just because there is an (almost) zero percent chance you won't get your money back on maturity. This is merely _one_ risk.