#407: FedNow is not a CBDC with Matthew Mežinskis
TFTC: A Bitcoin Podcast
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Bonds in the 80s, 1% Yield to Maturity, 2% Double, 3% Triple and So On
When rates fall, you are just it's a boom. This is not rocket science. We've all been talking about that. Then you go to this side. This is what's happening now. The yields have gone up from where they were. So good old SBB bank, they started precisely here at 1% yield to maturity,. Maybe a little bit less, maybe a little bit more on 10 year bonds. But then the 10 year, look, you've lost already 9% on your face with just a one year move 50 bond, 50 year bond. Of course, extreme, you've already lost 38%. Go to 2% double. All right, not quite double, but
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