Monthly Archives: September 2021

Tax Code Anomalies

September 2021 – By Bob Veres

Congress is getting ready to revise the U.S. tax code once again, and you can bet that the final version won’t be subtracting any pages from a document that now contains nearly 10,000 selections and two million words.  Over the past 10 years, alone, the tax code has been amended or revised over 4,000 times, with provisions covering pet moving expenses for people who lost their job, a deduction for clarinet lessons if it helps correct a child’s overbite, and a special carve-out for repairs for whaling boats—even though hunting whales is currently banned by the United States government.

Read more

Government Bonds Around the World

Market Minute

September 2021 – By Bob Veres

There is absolutely no question that, from a historical standpoint, yields on U.S. government bonds are terrible.  10-year Treasuries that were issued at 1.25% a year are now yielding 1.297%, which is not terrific when the inflation rate is somewhere between 6% and 7%.  If you go shorter term, 5-year Treasuries are trading at a yield of 0.788% a year, and 2-year Treasuries are offering a somewhat less-than-generous yield of 0.215%.

Read more