Sabri wrote: > This is not a good graph Julio, because it is comparing oranges and > apples. S&P and Gold are fine but that 30-year bond is not, because > while the S&P and Gold performances in that graph are measured in > units of return, the 30-year bond performance is measured probably in > terms of the "on-the-run" 30-year bond yield, which is, by the way, > semi-annually compounding.
Sabri, I just forwarded a graph. I wasn't making any claim. For example, I didn't claim that Ts did worse than gold in last 5 years. I don't know. Now, T-bond ETFs are harder to find on Yahoo Finance or Bloomberg. But I wouldn't say that graph was apples/oranges. Yields *are* bond returns, if you buy and keep until maturity. Yes, these are on-the-run yields, lower than off-the-run yields, and Treasuries! Not cheap stuff. Like top-of-line cars picked up new at the dealer. But, *somebody* buys and keeps each new batch of Treasuries. And if they don't keep them, then they take the hit. Somebody takes that hit. Again, I can't easily find T-bond ETFs. I can find (corp, etc.) bonds ETFs (Vanguard), but not Ts. I found a TIPS ETF on Bloomberg. Can't send the link. To graph it, click here: http://www.bloomberg.com/apps/cbuilder?ticker1=TIP%3AUS Click on 5y. Then, on "Add Security," type GLD:US and click Go. Then repeat typing SPX:IND. Gold is still ahead. Way ahead. But again, I'm making no claim. Just looking at the graphs and wondering. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
