Meanwhile, Austria’s 100 year govt bond, maturing in June 2120, has in 10 months gone from 140 to 42… a loss of 70%… the hodlers since inception are enjoying an annual coupon of 0.85% for the next 98 years September 20, 2022 3:33 pm
The yield on corporate junk debt is nearing 9%. It will be very expensive for borrowers with maturing bonds to refinance at these levels September 20, 2022 11:19 am