Asks whether recent spread widening in tech bonds is temporary or the start of a regime change.
Host
Matt Brill
Believes it's the start of a new regime change where tech companies are issuing unprecedented long-duration debt (20-100 years), creating weight in portfolios and requiring higher compensation.
Asks if Matt would consider taking 100-year risk from tech companies like Alphabet.
Host
Matt Brill
Would take 100-year bonds only with adequate compensation via steep curves, citing liquidity as an advantage since bonds can be sold if conditions change.