The Four Pillars of Macro with Andy Constan
Excess Returns
00:00
Is the Fed Really Deserving of This Impact?
The government would have been much better off selling long term bonds. Right now, with a very negatively inverted yield curve, one year bonds are yielding close to 5%, and 30 year bonds are trading well below 4%. "I was always amazed. This was a few years ago when you had over Europe, you know, how much debt was being issued at like negative interest rates"
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