Category: Investing
Risk, Returns, and Regret in Bond Investing
“It’s a conundrum.” This is what ex-Federal Reserve Chairman Alan Greenspan said of the state of long-term interest rates. The situation that exists—with short-term rates getting measured increases, while long-term rates haven’t moved much—is a topic of confusion for many people, not just Greenspan. Now we are concerned with another conundrum: Principal guarantees within bond…
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