"So How Did You Lose Money Buying Risk-Free Bonds?"
bondeconomics.substack.com
The title of this article is deliberately silly, but there are times where I just need to be deliberately silly. I am not going to discuss why people (like myself, sigh) decided to not cut their bond allocations to zero ahead of the recent Bond Catastrophe, but rather how to judge or even calculate returns based on the most common bond market data — constant maturity yield series.
"So How Did You Lose Money Buying Risk-Free Bonds?"
"So How Did You Lose Money Buying Risk-Free…
"So How Did You Lose Money Buying Risk-Free Bonds?"
The title of this article is deliberately silly, but there are times where I just need to be deliberately silly. I am not going to discuss why people (like myself, sigh) decided to not cut their bond allocations to zero ahead of the recent Bond Catastrophe, but rather how to judge or even calculate returns based on the most common bond market data — constant maturity yield series.