Reflections: "Bonds Are the Truth"—And Other Lies I Was Told

The Dollar & Bond Yields: A Correlation Traders Love But Shouldn’t Trust

When I first got into trading, everyone told me the same thing: "Bonds are the truth. Everything else lies."

Sounded weird, so obviously, as a weird kid, I had to learn more. If bonds were the truth, I needed to know them inside and out.

This was how I was going to make all the money in the world.

Truth #1: Buy Bonds, Never Lose Money

Yeah, about that… Loo…