"Bond Yields Are So Low, There's No Profit"

Eddy Elfenbein submits:

I often hear investors whine that since bond yields are already so low, there?s almost no room to profit.

Actually, there?s lots of room. If a perpetuity (a bond yield that never matures) sees its yield drop in half, then

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Zhang Ziyi Nikki Reed Natasha Bedingfield Audrina Patridge Simone Mütherthies