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The New Kings of Wall Street

The Compound and Friends

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The Current State of the Bond Market

This chapter discusses the current state of the bond market and the impact of the change in interest rates. It analyzes the inflow of money into long-term Treasuries despite their decline in value and explores possible reasons for this. The conversation also touches on the bearish sentiment on bonds and the belief that the short end of the yield curve will stay high while the long end will come down.

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