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Andy Beal, America’s richest banker, makes a massive bond bet on inflation 

Por: MarketWatch Business April 19, 2023

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As the Federal Reserve was about to embark on a rapid series of big rate hikes to fight inflation, the sole owner and chief of Beal Bank, based in Plano, Texas, started buying. He didn’t buy mortgage or Treasury bonds that had for years been popular with regional banks desperate for yield. Instead, Beal bought Treasury inflation-protected securities, mostly with durations of up to three years. He bought a lot of them.  By the end of 2022,... + full article



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