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If bond yields adjust to rising inflation, that means their prices go down and their coupons stay fixed. For stocks, prices follow the prices of bonds, and earn
by KKKKkkkk1 10y ago
If bond yields adjust to rising inflation, that means their prices go down and their coupons stay fixed. For stocks, prices follow the prices of bonds, and earnings take a hit, so you also a get hit on the dividends side. So it's not a good story for retirees.