› added 1 month ago
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TIL about Bowie Bonds, securities backed by David Bowie's pre-1990 albums. They paid 7.9% interest with a 10-year average life, beating the 6.37% return on 10-year Treasuries at the time. But with the rise of music piracy, Moody's downgraded them from A3 to Baa3, just above junk status.