Bill Gross built his career around bonds
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YouTubeClara Whitmore Notes
Bill Gross built his career around bonds
Bill Gross built his career around bonds. His useful lesson was that interest rates change the value of time. When yields are low, investors are more willing to wait for future cash flows. When yields rise, waiting becomes more expensive. Bonds reprice, but the effect does not stop there. Equities, property, and other long-duration assets can ...
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