Hello, Welcome to Known Unknowns. A newsletter that this week is a very special issue: It’s all about bonds. Pension Geeks spend lots of time thinking about bonds. They are how we value liabilities and manage risk. We obsess about them when few others take much interest. Lately, however, the bond market has become interesting: Now everyone is an armchair bond analyst. What better way to end the summer than with a newsletter on what’s happening?