What Is the Risk-Based Compensation for Long-Term Bonds?

The term premium is how much people are demanding to go out the curve in terms of versus what they expect, let's just say the front-end policy rate to be over that period of the third investing. What I found was that long-term interest rates responded more to treasury supply when stock bond correlation is more positive. And there's a famous hedge fund Bridgewater that took risk parity and took that relationship and made the kind of the richest hedge fund manager out there with Reed Dalio by exploiting that tendency.