But South Korea, a land of avid Internet gamblers, has given a gaming license to Tiger Pools Korea to run soccer betting for the duration of the tournament.
Prices could slump as a major buyer steps to the sidelines, and for the minimal returns available in bonds more than a few years in duration, the risk of a years-long bull run reversing is too substantial for Fuss to flirt with.
This flight will shortly be followed by another test run to ensure that everything checks out, after which it will begin its first long-duration mission sometime later this month.
So while the typical effective duration -- a measure of sensitivity to interest rates -- for global bond mutual funds run by peers is five or six years, his is less than two years.