I get the tongue in cheek nature of this, but it is held up by fundamentally unsound assumptions from unsophisticated investors. bonds are much less boring than

I get the tongue in cheek nature of this, but it is held up by fundamentally unsound assumptions from unsophisticated investors. bonds are much less boring than retail investors think they are. Nobody is buying government bonds to beat inflation, nobody cares about the coupon payments. They are trading them on 10x leverage, its the price of the bonds that matter. You can get 10x leverage on straight up 30 year bonds, and you can do way more in the bond futures market. All you are doing is frontrunning the central bank. or going short. or trading options on bond futures. and that's just US treasuries. other country's government bonds are interesting, and then the rest of the yield curve is full of fun quirks too. The credit markets are actually pretty wild.