Is a 100-Year Bond Worth Buying?
Do you think that's a temporary widening or is the start of maybe a regime change. I think it is a little bit of a start of a new regime change. So you've seen a lot of issuance out of the tech companies, but it's just not about the dollars.It's also where they're issuing. And so a front end of the issuance is actually doing quite well. You take Google, for example, they issued, I think, at 27 basis points for the three or so very tight spread and now it's trading at 20 basis points over.So there's been a l ...