The ugly drop in bond prices has finally slayed Tina

 — the There Is No Alternative mantra that has dominated financial markets

It turns out there is an alternative after all. For the sake of argument let us call it Buying Ordinary Notes and Debt Securities — BONDS.

US investment-grade debt now yields about 5 per cent. High-yield debt, meanwhile now gives  in the region of 9 per cent, more than double the level of this time last year. 

Katie Martin FT 8 July 2022

https://www.ft.com/content/712948a6-1758-42c3-8ec5-a3348bd3d2bc


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