Corp Bonds 1830-2005
My colleague Charles Nenner has been painstakingly analyzing data, some of which goes back hundreds of years. (I will make these available as additional data is complied and analyzed).
Here's the first slice of historical data: Almost 2 centuries of corporate bond yields. The impact of WWII is apparent, as is the subsequent inflation spike (1960/70s) and reversal (1980/90s).
Corp Bonds 1830-2005
Source: Charles Nenner, Cycle Forecaster
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This looks like one giant mean reverting system . . .
Monday, November 14, 2005 | 06:45 AM | Permalink
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» How to hide your point with a bad presentation of data from Belligerati
The Big Picture has a neat graph on the returns of US corporate bonds for the last 200 years. Unfortunately, interesting as the chart is, the aspect ratio doesn't make any sense. The scale is set to show return over... [Read More]
Tracked on Nov 15, 2005 3:29:34 PM
» How to hide your point with a bad presentation of data from Belligerati
The Big Picture has a neat graph on the returns of US corporate bonds for the last 200 years. Unfortunately, interesting as the chart is, the aspect ratio doesn't make any sense. The scale is set to show return over... [Read More]
Tracked on Nov 15, 2005 3:32:21 PM
Comments
It would be sweet if he could overlay that on top of the corresponding inflation rate. I've read that the 1970s and 1980s saw higher rates as the market began to see inflation as more unpredictable and demanded greater premiums to compensate than they had in prior decades.
Posted by: royce | Nov 14, 2005 8:52:39 AM
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