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Can we go back to 2019?
(lemmy.zip)
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this post was submitted on 11 Jan 2026
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But that's just the point, the mini budget caused a small drop in bond yields that are insignificant now because of their small size relative to background changes. Maybe we'd be better off today - by a tiny, insignificant amount - or maybe part of that background growth in yields was actually everyone saying "oh, it hasn't happened, it's fine" and correcting for the sell off. It's hard to tell which but it doesn't really matter because of the scale.