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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (25358)1/26/2005 11:06:26 AM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
just because nobody answered your question doesn't mean you're right. it probably depends on Greenspan's target audience. in the case of institutional investors, i think he meant try to shorten duration. in the case of individuals, i think he meant you'd be stupid to buy long bonds. now thanks to the flattening of the yield curve, there is not much compensation for term risk.
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