Friday, October 15, 2021

The Empire’s Funeral Bond March


4 comments:

Who Struck John said...

Long term trends continue until they don't.

Stagflationary Mark said...

In my opinion, long-term bond yields are acting like radioactive decay. The trend can continue until there’s nothing left.

In theory. the Japanese and many Europeans will laugh at our folly while welcoming us to their nothingburger yield club.

In practice, almost anything can happen, of course.

AllanF said...

New I-bond rates dropped. New issue is 7.12% for next 6 months!

Fixed rate still 0 though. Not sure if that makes the 7.12% more impressive or worse.

Stagflationary Mark said...

Allan,

Not sure if that makes the 7.12% more impressive or worse.

It’s very impressive illusionary prosperity but not at all impressive real prosperity. ;)