Why I Like Long Term Treasury Rates

As we noted in an earlier essay entitled “Defusing the Inflation Time Bomb,” it is unlikely in the future that short-term interest rates will stay significantly above inflation rates. Therefore, to get a real return, investors must opt for long-term debt (bonds) or equity (stocks). Each of these has associated risks, some of which are well known. We want to point out some of the risks in long-term bonds that are not well known or understood.

Share
MORE >
Share