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The Scam of Bonds
Bonds are mathematical. The only return in a bond is its yield or its coupon because people think about trading bonds for capital gains. Bonds have gone from 18% USA 10 years, 18% all the way to under 1%. Bottom did around 56 basis points or 0.56%. Now have ticked up and are bouncing at around 4% yield. Last 10 years, slightly under 3.85% today. They did get as wide as 4.07% just recently.