|The Death Star|
at 85 Broad Street
We at The Hourly G beg to differ: If Goldman Sachs is selling 30-years, then they definitely think inflation is in the offing. Raising cash now through long-term debt—and then investing that cash in inflation-protected assets, such as commodities—is the way to take advantage of an inflationary environment.
That Goldman managed to scrounge up enough fools to buy these bonds does not “signal waning investor concern that inflation is accelerating”—it merely signals that Goldman is exceptionally adept at finding suckers in the market.