I don’t think I will ever use a self-driving car. I’ve seen War Games too many times to believe that a computer can be trusted to understand the unintended consequences of some actions.
Why would any investor want to put money into low-yielding bonds?
Like fashion trends, investment styles tend to come into and out of favor over time. One of the more popular investment comparisons is growth versus value. But what, exactly, is a growth stock, or a value stock?
While it is tempting to think of the yield curve as that length of road before you merge into traffic, in the world of bonds it represents something very different.