Fifty years ago, the Beatles released a song that has special relevance to today. Back when I first heard it, I was amused but emotionally detached from the distant scenario it wittily described. Today, not so much.
I've been keeping this blog for thirteen years or more. And though I haven't checked to confirm it, I think last year may have been my first birthday where I didn't publish something here.
I couldn't let myself stretch it to two, even though I don't have that much to say about anything at the moment other than the fact that I'm mostly glad to still be here, unequivocally glad I'm still able to post these entries, and very hopeful that I'll be back next year with lot more to say that's worth saying.
Corporate vs Treasury Debt Duration
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From 2008 through 2022, the 10-year Treasury yield was never above
3.25%; it spent nearly all of 2019–21 under 2%, while the 30-year bottomed
at ~1% ...
1 day ago
