I am getting into stocks and bond trading, and I was looking at buying some bonds, but I noticed that Lehman Bros. has bonds available to be bought, but they are in the middle of bankruptcy. So why are they able to sell more bonds, and why on earth would anyone buy bonds from a company going into bankruptcy?
they aren't selling new bonds, those bonds were already existing.
bondholders typically recover at least something in a bankruptcy, so the bonds aren't worthless.
