“The Macro Minute: What is the most important thing we learned today?”
Strong negative view on LTPZ; would avoid it entirely.
What is your opinion on the long-term inflation-linked bond, LTPZ? Its yield of 6.57%, inflation- linked, is very attractive. I do n't have a 10-foot stick, but if I did, I would have shoved LTPZ away with that stick like this.