Pierce Brosnan is a retiring Bond; that is the reason we have a yield curve that is introverted. Until finding this thread, all I had was that deplorable pun (obviously original). I could not understand why so many people continued to buy long term fixed income securities when those of much shorter duration were paying almost as much, and then more. None of the CNBC discussions I saw made any attempt to explain the phenomenon. I now have some understanding of the rationale, but it still does seem to boil down to the fact that traders and speculators account for so much volume that they control the market. Thank you all.
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