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Inflation Guy: Super Hero (guest: Michael Ashton)

The Market Huddle

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Corporate Bonds in the United States

There aren't, there is not in the united states much issuance of corporate bonds. They tend to be structured as floating rat notes where the floating rate is is the trailing one year inflation rate which causes all kinds of problems comparing them. And so now, won when we talk about relations ops, where we're talking about whether a dealer is willing to sell a client or buy a inflation for over a period of time that is different from an inflation break even. We you get taxed on that. So it's just that it's, you have to keep records,. It's just sort of painful and it makes people angry to tax on something they haven't received yet.

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