Archive for February, 2021

Won’t You Be My Neighbor

While discussing the paradox confronting today’s fixed income allocators, we thought of Mr. Rogers and his famous invitation to everyone. In one established, traditional neighborhood, you find fixed income investors clamoring to purchase 10, 30, 50 and yes, 100-year sovereign bonds at rock bottom coupons.  Earlier this week, Spain sold €5 billion in a 50-year…