[fny]

A 30-year treasury offers 5% and A-grade corporate bonds offer 6.5%. You don't need to exploit essential services for the other 50bps.

[0]: https://fixedincome.fidelity.com/ftgw/fi/FIYieldTable?popupM...

[WarmWash]

Because treasury rates are rising, it now actually puts even more pressure on PE firms to burn furniture.

[pjc50]

.. now. Five years ago that was more like 2%.

[fny]

The S&P grew at ~15% annualized post GFC, and PE acquisitions of housing and essential services hasn't stopped.