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Financial history tends to get short shrift in the media, so I was thrilled to learn that Bloomberg had published a piece, “Worst US Bond Selloff Since 1787 …,” putting the recent decline in US Treasury prices in historical perspective. But then I read it and wondered why the reporter hadn’t reached out to either of the two living persons who collected the early bond data that the article references, Richard Sylla and myself, or at least looked at our publicly available publications and datasets.
If contacted, I would have offered three correctives to the piece:
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