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Keep in mind, however, that their interest rates will also be 2% to 5% higher than banks’ rates. However, monetary policy and inflation expectations vary with time, so sometimes the normal yield curve may flatten (meaning short- and long-term rates are equal) or invert (short-term rates are higher than long-term rates).1 When this occurs, it can be very hard to sell a long-term bond because investors can get the same or higher rate investing short-term. Have a look at my blog post - (...)