/biz/ - Business & Finance

Another reminder to any would-be bond bulls itt: you had best look at how bonds traded in 2020 crash (vs 2008) before betting on them in this one.

Why did they puke during the crash, even as index shorts kept printing? Because some big money understood immediately that the Fed response would be inflationary and got the hell out. The flight-to-safety via bonds was short-circuited. The trade worked only for a little while, and faltered part way through the crash. Meanwhile index short etfs did just fine the whole way through. This is the new normal but many bond bulls still can't see it.