Unlocking Treasury 2061: The Hidden Fortune That Could Rewrite Financial History—Are You Ready to Discover the Truth?
Of course, the very high duration of TG61 – that also makes it such a great play on interest rate cuts – is providing some extra boost to its appeal.
Or maybe there’s some macho thing in the Square Mile about having the cojones to own such a volatile long-dated bond…
…though in that case we need to talk about Treasury 2073!
Or maybe not. The tax-adjusted yield on TR73 is much lower for private investors than on TG61 and others. It’s one for institutions where tax breaks aren’t a factor.
Treasury 2061: another market oddity
Talking of the institutions, it’s a bit of a mystery to me why the TG61 yield anomaly persists.
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