Bond Investing Explained: With Bobby Axelrod #Billions

Let’s talk about bonds with Bobby Axelrod! Bobby's firm, Axe Capital, has acquired all the distressed debt of Sandicot, a small town in upstate New York. He believes the town will host a new casino in the future, expecting significant appreciation in the value of its municipal bonds as a result.

Billions Season 2, Episode 7

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[pudding]

Its a junk bond bobby bought 20c on the dollar (face value 500m and and bought it for 100m), if the town is able to bring in more tax revenue, it may increase the likely hood if it paying the bond back. The town is supposed to pay the bond back at maturity.

[TonyFarley-pvnk]

No they just build laws to strategize the levels of who they're going to love themselves out as who they're going to cause the blame in their social beliefs

[ERIK]

Still doesn't answer why the bond value would go up from increased tax revenue.

[nathanvanwie]

Unless they were bankrupt why would it go for 20c on the dollar

[Sgritto]

Can you explain this to me? This goes againt a lot that Ive learned.

[danielmcarthur]

I wouldn't be surprised if they defaulted in our lifetime.

[yannik]

Actually wrong. The lowest risk investment today is bitcoin. Not even the us or any other nation for that matter can stop it.