the free money is on the other side of what’s perceived as free money you can get 15% in three years on just holding treasuries, and people buying something with such small upside [on the assumption of profit on expiry] will slowly realise and sell, causing blips that can be sold into not even including those who will just cut over the 3 year period before 2028 to chase other gains you can make free money on the other side of things perceived to be free money that are priced below upside of just holding treasuries for that timeframe if it’s long enough and people are retarded enough