https://deyirviel.com/tags/bonds/ Recent content in Bonds on DeYirviel https://deyirviel.com/og-image-pm.jpg https://deyirviel.com/og-image-pm.jpg Hugo -- gohugo.io en Sat, 17 Oct 2026 18:00:00 +0200 https://deyirviel.com/notes/the-big-short-again/ Sat, 17 Oct 2026 18:00:00 +0200 https://deyirviel.com/notes/the-big-short-again/ Everyone wants the next Big Short. But 2008 was never a housing story — it was a leverage story. With the US 10-year above 5% and the cost of money at two-decade highs, the parallel is not the subprime borrower. It is the fine print, the funding mismatch, and the people who think they can sell before the music stops.