We Love the US 20-Year Yield at RBA: Contopoulos

The video discusses the 20-year Treasury bond, highlighting its unique position in the market due to its higher yield compared to the 30-year bond. The lack of liquidity and scarcity of the 20-year bond are explored, along with potential market opportunities. The video also covers the corporate credit market, noting the challenges it faces, such as tight lending conditions and increased defaults, while suggesting that investment-grade corporates may still offer positive returns.

Discuss the implications of the shift from a borrower’s market to a lender’s market.

What are the potential consequences of the current state of corporate credit on investment grade returns?