Because the bond belongs to the fed. When it matures, the fed holds everything. ... | Hacker News

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tryptophan on April 9, 2020 | parent | context | favorite | on: Fed to buy junk bonds, lend to states in fresh vir...

Because the bond belongs to the fed.

When it matures, the fed holds everything. There isn't anything to "take back"; they have it all already.

rsp1984 on April 9, 2020 [–]

When the bond matures it's either paid back or rolled over to a new bond or the debtor defaults. There is no fourth option.

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