The 10-year cumulative return for long-duration bonds inclusive of all their interest payments is like 4%. Just awful.
And of course when you factor in ten years of currency debasement, the return on purchasing power is deeply negative.
The 10-year cumulative return for long-duration bonds inclusive of all their interest payments is like 4%. Just awful.
And of course when you factor in ten years of currency debasement, the return on purchasing power is deeply negative.
