Signal over Noise: The 1999 analogue through the fixed income lens

As long-term US Treasury yields have climbed to levels not seen in more than two decades and today's AI investment boom draws comparisons with the internet buildout, the 1999 cycle increasingly offers a useful point of reference. This episode explores the parallels and key differences between the two periods, and examines what rising term premiums and fiscal dynamics could mean for rates and portfolio positioning.