The long end of the bond market is rising even as inflation cools and the Fed stands pat. Their exit—not the Fed, not the deficit, not even tariffs—is the key to understanding the breakdown in the bond market. The Millennials are about the same size as the Boomers, but poorer, slower to accumulate wealth, and less inclined to buy bonds.
Author: John Carney, John Carney
Published at: 2025-05-27 22:50:02
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