Why the rise in global bond yields is a supply problem — and the single trade it puts at risk
A video published three years ago on YouTube can still be earning money today. Nobody had to make it again. No customer had to be reacquired. The production cost was paid years ago, but the cash flow continues. That makes old video libraries look a lot like annuities and financial buyers are starting to take notice.
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Why the rise in global bond yields is a supply problem — and the single trade it puts at risk
A video published three years ago on YouTube can still be earning money today. Nobody had to make it again. No customer had to be reacquired. The production cost was paid years ago, but the cash flow continues. That makes old video libraries look a lot like annuities and financial buyers are starting to take notice.
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The rise in global long-term rates gains momentum and weighs on bond-market performance
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