Why the bond market matters now
Unhedged
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The Long-Term Risks of Bonds
Last year was a big exception because bonds and equities fell in tandem. Bond yields only apply if you buy the bond and then never touch it again, right? They're actually doing what they're supposed to do right now - weakening while equities are pushing higher. This is kind of the short-term risk, the cyclical risk,. But there's kind of a longer-term risk too. And that's especially concentrated on the longer end of the curve.
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