Tag Archive for: fail

Falling Interest Rates and Duration Mismatch

Falling Interest Rates and Duration Mismatch

Since 1982, US Treasurys have been in a bull market. This is Exhibit A: the yield on the 10-year Treasury bond (the yield and the market price of the bond are inversely related, like a teeter-totter). This statement should not be controversial. But outside Austrian circles, most people don’t understand that this structural decline is […]