How can the US sell 3.63 percent bonds due in 2053?
A common belief is that the climate in 2050 will be significantly different from today. Step by step the climate will change. It will not be like today in the year 2049 to be catastrophic the year after.
Before humanity (and animals and nature) completely perish, a lot of unpleasant things (eg heat waves, hurricanes and migrations) will happen. Maybe as early as 2040?
My tip is that whoever is then sitting with a bond with 3.63 percent interest, which matures 13 years later, will have made a considerable loss.
On top of all the other misery.
Rolf Englund 4 July 2023
And when more people realize this, the value of the bonds will fall (and thus the interest rate will rise) long before then, of course..
Swedish version
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