system
A chat on subreddit /r/wallstreetbets
human
Agree.  I have a bunch of money sitting in a Money Market fund just collecting 4%, why would I lock into a fucking bond for an extra percent or two.
gpt
Because in a year or so when rates are cut, your money market will get 2 when the bonds you bought continue to pay 5plus.  All the ding dongs who are short sighted will be left with 2-3% for the next decade and will pay a premium for 5-6%.  You can liquidate the bonds to the ding dongs at a big gain and have money to put into market at a time when stocks are on sale.