We’ll never know, but there is some good news.
Starting Monday, interest-bearing Gilt Bond bonds will be able start making payments for free.
This means you can pay off your debt at a time when it will be easier for you to repay it than when you will have less debt.
Interest-free borrowers can get the same interest rate and maturity as a traditional bond, but can choose to pay off the debt in full or partial at any time, with no interest charged on your principal.
Interest on interest-based loans is typically higher than on other types of loans, because lenders typically make their interest payments on your behalf.
The good news is that Gilt Bonds aren’t as risky as bonds issued by other banks.
While interest rates are higher than bonds issued in the U.S., interest payments are usually less than what you would pay on a traditional mortgage or credit card.
The interest rates for the interest-backed bonds have been historically low, which is why Gilt bonds have seen a recent boom in demand.
In 2017, interest rates on the bonds averaged just 1.4 percent, and they were trading at around 5 percent at the time of the news release.
For the sake of comparison, the median monthly payment on an interest rate-free mortgage is about $4,000 per month, and a traditional 10-year credit card offers an interest bill of between $1,400 and $2,000.
Gilt is the largest bond issuer in the United States, with over $100 billion in assets under management.
The company’s bond yields are currently near zero, and the company is in a better position than most banks to handle the rise in interest rates, since it has been able to keep its debt service costs low.