Most of the world is not speculators. If your view was the majority, the stock market would be larger than the bond market. That simply is not the case.
There are more people who seek yield verses speculation.
HBD is not an option for everyone long term just like holding all in $HIVE waiting for a run doesnt.
The fixed income market is huge.
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Bond market is around 3x bigger as stock market. But you have to ask yourself why. If there would be no central banks,which work in tandem (around the world) to keep whole market afloat, while buying each other's bonds daily... How big would bond market actually be? You think someone would buy 30year bonds for same or even lower rate as 6 month bond? Banks do. Because they have to. Because money market, stock market, realestate market depends on bond market. What I want to say is... hive has not same structure as eurodollar market. Not even close. But if you want you can make survey for all hive users to see what people really think