Unlocking Treasury 2061: The Hidden Fortune That Could Rewrite Financial History—Are You Ready to Discover the Truth?
But every time I look at it I’m flabbergasted anew.
One of these bonds is not like the others
What’s so weird about TG61?
Mostly that its yield-to-maturity is meaningfully lower than the similarly long duration gilts sitting either side of it on the curve.
Check out this industrial-strength bond data from Tradeweb:
Source: Tradeweb
Okay, that’s a lot of numbers. But the key and wacky thing to note is the yield column.
Compared to the bonds maturing either side of it, TG61 sports a yield that’s nearly 40 basis points (i.e. 0.4%) lower than its brethren.
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