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Ghost of St. Miklos

@ofmiklos

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calendar_today21-09-2019 20:30:47

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Ghost of St. Miklos
@ofmiklos

a month ago

Rates are rising across the board for long term bonds of sovereigns. People are leaping into mental gymnastics to explain this phenomenon, but it’s very simple. Interest reflects risk. Higher yields means higher risk of default. Most people only stop there however.