Since when are debt instruments traded in a secondary OTC market not rate sensitive?

Instrument approaches or visual?

Way back when   when i was working on getting my instrument rating here in Oregon were you fly all the time in actual conditions and lots of ice..

(in between banks (cheapest) and equity (most expensive))-A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

State Security Instrument Foreclosure TypeInitial StepNumber of MonthsRedemptionDeficiencyAlabamaMortgageNon-JudicialPublication112 monthsAllowedAlaskaTrust DeedNon-JudicialNotice of Default3NoneAllowedArizonaTrust DeedNon-JudicialNotice of Sale3NoneAllowedArkansasMortgageJudicialComplaint4NoneAllowedCaliforniaTrust DeedNon-JudicialNotice of Default4NoneProhibitedColoradoTrust DeedNon-JudicialNotice of Default275 DaysAllowedConnecticutMortgageStrictComplaint5NoneAllowedDelawareMortgageJudicialComplaint3NoneAllowedDistrict of ColumbiaTrust DeedNon-JudicialNotice of Default2NoneAllowedFloridaMortgageJudicialComplaint5NoneAllowedGeorgiaSecurity DeedNon-JudicialPublication2NoneAllowedHawaiiMortgageNon-JudicialPublication3NoneAllowedIdahoTrust DeedNon-JudicialNotice of Default5NoneAllowedIllinoisMortgageJudicialComplaint7NoneAllowedIndianaMortgageJudicialComplaint53 monthsAllowedIowaMortgageJudicialPetition56 monthsAllowedKansasMortgageJudicialComplaint46-12 monthsAllowedKentuckyMortgageJudicialComplaint6NoneAllowedLouisianaMortgageExec.ProcessPetition2NoneAllowedMaineMortgageJudicialComplaint6NoneAllowedMarylandTrust DeedNon-JudicialNotice2NoneAllowedMassachusettsMortgageJudicialComplaint3NoneAllowedMichiganMortgageNon-JudicialPublication26 monthsAllowedMinnesotaMortgageNon-JudicialPublication26 monthsProhibitedMississippiTrust DeedNon-JudicialPublication2NoneProhibitedMissouriTrust DeedNon-JudicialPublication2NoneAllowedMontanaTrust DeedNon-JudicialNotice5NoneProhibitedNebraskaMortgageJudicialPetition5NoneAllowedNevadaTrust DeedNon-JudicialNotice of Default4NoneAllowedNew HampshireMortgageNon-JudicialNotice of Sale2NoneAllowedNew JerseyMortgageJudicialComplaint310 DaysAllowedNew MexicoMortgageJudicialComplaint4NoneAllowedNew YorkMortgageJudicialComplaint4NoneAllowedNorth CarolinaTrust DeedNon-JudicialNotice Hearing2NoneAllowedNorth DakotaMortgageJudicialComplaint360 daysProhibitedOhioMortgageJudicialComplaint5NoneAllowedOklahomaMortgageJudicialComplaint4NoneAllowedOregonTrust DeedNon-JudicialNotice of Default5NoneAllowedPennsylvaniaMortgageJudicialComplaint3NoneAllowedRhode IslandMortgageNon-JudicialPublication2NoneAllowedSouth CarolinaMortgageJudicialComplaint6NoneAllowedSouth DakotaMortgageJudicialComplaint3180 daysAllowedTennesseeTrust DeedNon-JudicialPublication2NoneAllowedTexasTrust DeedNon-JudicialPublication2NoneAllowedUtahTrust DeedNon-JudicialNotice of Default4NoneAllowedVermontMortgageJudicialComplaint7NoneAllowedVirginiaTrust DeedNon-JudicialPublication2NoneAllowedWashingtonTrust DeedNon-JudicialNotice of Default4NoneAllowedWest VirginiaTrust DeedNon-JudicialPublication2NoneProhibitedWisconsinMortgageJudicialComplaint2-3NoneAllowedWyomingMortgageNon-JudicialPublication23 monthsAllowedReasons why people lose their homeA loss of an income, death in the family, medical expenses and other life-altering occurrences can happen to anyone, causing us to fall behind in our loan payments.

(We'll assume there's not a 30% chance the student loans will be forgiven.)First, the number one issue I see on this thread is people conflating rental property with a bond, annuity, or any fixed income instrument.  

I'll steer clear of working with the government on these kinds of instruments.

I'm looking to get back into the game, and was reading some information regarding notes (BoEs and other Negotiable Instruments) and the UCC, was curious, and wanted to reach out to those how may be more experienced in the matters.I'm a little familiar with notes tied to real estate, vehicles, and business notes, meaning those that are between a person and a bank (credit union, or similar).I'm curious about (secondary) markets related to notes, and would like to chat with some people on some scenarios.Thanks!

That is a promissory note and a lien instrument (deed of trust or mortgage) to secure the note. 

Reading his advice to myself and others has been instrumental.