My Elevator Pitch for Bonds

Michael LebowitzAdvisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

In the social media era, where attention spans are measured in seconds, and 300-500 words are considered a "readable" article length, my articles can be too much for some readers at three to four times that word count. Instead of writing another 1,500- to2,000-word treatise on why I like bonds, I present a "readable," sub-500-word elevator pitch for U.S. Treasury securities.

My simple elevator pitch

My view of the attractiveness of bonds can be honed into an elevator pitch. It boils down to a straightforward question: Is this time different?

Have the 40-year pre-pandemic economic trends reversed, and the economy's inner workings changed permanently over the last three years?

More specifically, are slowing productivity growth, weakening demographics and rising debt levels about to reverse their prior trends and become a tailwind for economic growth.