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Generally,you don't have to worry about optionality
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or call provisions and so it's math.
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You're given coupon payments every six months and then,
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when the bond matures,you get your money back.
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So there's not a lot of room in the government bond market
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or other high-quality bond markets to generate excess returns.
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How about the other end of the spectrum?
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The other end of the spectrum is a market
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that is very hard to define.
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As a matter of fact,there might not even be a benchmark
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against which you can measure results
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and you'd think about the venture capital world.