How Corporate Pensions Have Been Impacting the Yield Curve

The video discusses the current state of pension funds, highlighting the rebalancing due to tax incentives and changes in corporate tax policy. It explains how these factors are driving pension funds to invest in long-duration assets like Treasurys to match their liabilities. The video also explores the impact of these investments on the market, particularly the yield curve, and speculates on future market changes after the tax deduction window closes in September.

What are the main concerns of pension funds as mentioned in the text?

What is the significance of long duration assets for pension funds?

How has the corporate tax policy change affected pension contributions?

What impact does the demand for longer duration Treasurys have on the bond market?

How might the yield curve change after September according to the text?