…average future short term bond yields plus a risk premium. In fact the 10 year bond yield was roughly the only asset price which didn’t jump dramatically on the news…

…real loss of only about 80 percent. But Mankiw forgot one important element of calculating bond market returns. Much of the total return for bonds is the interest on the…

R.I.P. bond bull market, 1981-2016 On September 30, 1981, the 10 year US Treasury bond yielded 15.84%. It has not been that high since. On July 8, 2016, it fetched…

…the major change in trend for long bond yields. But if you want to identify the long run bottom in bond yields it would not hurt to monitor MZM velocity….

I have been monitoring  the close relationship between bond yields and monetary velocity ( personal income/zero maturity money) for years without coming to strong conclusion about what to make of…

…expects U.S. civil suit over mortgage bond ratings, New York Times (Feb. 4, 2013). The suit is expected to be brought in California and focus on about 30 collateralized debt…

…some out just to burn them in protest). As soon as their banking system is independent of the ECB, Greece can threaten to default. The negotiations about debt repayment will…

…on the federal debt. It is what it would be with no federal debt + 0.5rho times the federal debt. There is an effect of fiscal policy on consumption, but…

…hard for any Republicans to vote for a clean debt limit increase and survive. I think the third best hoe is bill which combines continuing resolution, a debt limit increase…

…borrowing and current repayment rates. Student loan debt grew during the Pandemic Former President Joe Biden forgave more student debt than any other president. However, the country’s education debt tab…