Personal Wealth Benjamin Felix If interest rates have nowhere to go but up, do bonds still have a positive expected return? PWL Capital 2015-10-21T10:00:52 October 21, 2015 In answering this question, the first thing to note is that interest rates could remain where they are currently, or go lower. There are already instances of negative bond yields across the globe. However, for discussion, we will assume that interest rates have nowhere to go but up.
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