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Sovereign debt is an overowned asset class because it yields less than the inflation rate and does not perform well in an inflationary environment.
“You've got T bill yields at like call it 4% and an inflation backdrop of 3%. I don't know why people own bonds in the current environment.”
Wealthion · Nov 2025 · 1 episode · 8K views on this topicExtracted by a model; may misattribute who said what.