Bond Math

I know everyone already understands this but don’t think I’ve ever seen this chart with negative yielders before…not sure they teach that at University yet!

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Link

High Profits at Low Rates : The Benefits of Bond Convexity

Website

https://portfoliocharts.com/2019/05/27/high-profits-at-low-rates-the-benefits-of-bond-convexity/

Good investing,
Meb Faber
theideafarm.com