stoddler

You don't learn by putting information into your head, you learn by retrieving information from your head.

One can invest it again in a 6 month bond with the yield curve inverted further. The decrease in rates would happen over a longer term than 6 months. And also if the rates have decreased the prices would have increased for the bond that is held.

What the factors for an application to be granted, can anyone get in?

This book might be worth checking out http://www.amazon.com/The-Right-Stuff-Tom-Wolfe/dp/031242756...