In Search of Safe Havens: The Trust Deficit and Risk-free Investments!
Musings on Markets
AUGUST 15, 2023
During 2022, the US treasury did not default, but an investor in a 10-year US treasury bond would have earned a return of -18% on his or her investment, as bond prices dropped. The first is that there is no risk that the issuer of the security will default on their contractual commitments.
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