https://www.bloomberg.com/news/articles/2017-07-31/no-bubble-in-stocks-but-look-out-when-bonds-pop-greenspan-says
Curious here, how does the bond market "crash" without companies going bankrupt? Regardless of what happens to bond prices as a result of interest rates rising you can always just hold onto your debt until it expires and collect your coupons + premium. You might get only that 3% returns on corporate bonds, but you won't really lose anything significant right?
>>2961803
Yeah, but then companies have to pay more interest to attract investors.
Maybe (((Greenspan))) is saying the amount of interest on new bonds will be too burrdensome on companies and cause them not to issue bonds or issue bonds they cannot afford, causing more defaults.
You can't hold on to your bond if it defaults! There's always a risk.