Treasury Markets: Policy Rates & Term Premia
Currently, your ten-year nominal return for buying U.S. government bonds will be around 2.25% if held to maturity.
Meb Faber • Global Asset Allocation: A Survey of the World’s Top Asset Allocation Strategies
How Misunderstanding Factor
Models Set Unreasonable
Expectations for Smart Beta https://t.co/qR9gJezVDB
We see three major questions an investor needs to consider.
Should they prefer long term assets or cash (Money Market Funds or Tbills)?
Should they prefer stocks to bonds when allocating to assets?
Should they prefer nominal or real future cash flows when allocating to assets?
Question 1 is answered by determining the direction (not the level) of risk
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