Friday links: not-so average returns

BondsBond market volatility is muted. (mrzepczynski.blogspot.com)Ezra Klein talks with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.", about the bond market. (podcasts.apple.com)SpeculationSpeculators have always existed, how they trade has changed. (wsj.com)G. Elliott Morris talks with Rajiv Sethi about how prediction markets work. (gelliottmorris.com)GamblingMLB players are increasing being targeted by disgruntled gamblers. (nytimes.com)How one gambling addict relapsed after discovering Kalshi. (bloomberg.com)FinanceZero-coupon convertible bonds are all the rage these days. (ft.com)What a combined Victory Capital-First Eagle will look like. (morningstar.com)On the many flavors of semi-liquid alternatives funds. (pitchbook.com)PharmaRevolution Medicines’ ($RVMD) drug Rasonque was approved to treat pancreatic cancer. (wsj.com)Eli Lilly's ($LLY) retatrutide isn't even on the market yet, but knocks are already for sale. (axios.com)