Harley Bassman on Why the Big Moves in the Bond Market Are Done
Odd Lots
00:00
Impending Maturity Wall and Inflation Pressures
The looming maturity wall next year may lead to a need to refinance all the debt. However, the focus is more on inflation than default or hard landing ideas due to the demographic of boomers retiring with more wealth, leading to continued spending. This contrasts with the old rule of reduced spending upon retirement. With boomers pulling up the labor supply and millennials forming households, there is anticipation of sustained inflation pressures similar to those experienced in the 70s.
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