But a year ago, the story was different, as investors held their ground.
In 1996, investors held $419 billion of individual bonds, down 32 percent from 1991.
In other words, it would have been fine to let investors hold the bag?
To get that low rate, investors must hold the shares for more than a year.
For some time now, investors have held the company to a different standard from other airlines.
Other relatives, friends, former employees and investors hold the rest of the company.
And there are signs that investors may already hold too many dollars.
Those investors held about $14 billion in hedge funds last year, the report said.
If investors were holding their breath yesterday, it was with good reason.
Currently, those investors must hold the securities for at least a year.