2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP532: Insights From A Reclusive Investment Firm w/ Graeme Forster

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

What's Next for Bond Yields in 2022?

The data shows the entire 2022 decline can be explained by just simply higher bond yields. A change in the price, the cost of money, should necessarily impact the multiple you pay for an earning stream or a cash flow stream. So when the rate went up, you'd expect to have a fall in the multiple that's logical. And I think I do think a large portion of the move, the fall in equities in 2022, could probably be attributed to that.

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