The extraordinary outperformance of emerging market government bonds since the Covid-triggered Fed monetary expansion in March 2020 is a sign that markets have started to question the assumption that Treasury and other G7 government bonds are “risk free”.
Treasury Yields are Falling But Don't Be Fooled
Treasury Yields are Falling But Don't Be…
Treasury Yields are Falling But Don't Be Fooled
The extraordinary outperformance of emerging market government bonds since the Covid-triggered Fed monetary expansion in March 2020 is a sign that markets have started to question the assumption that Treasury and other G7 government bonds are “risk free”.