BloombergLean L·
Why Treasuries Are ‘Risky’ Again
We all know that Treasury yields have been surging, alongside bond yields all around the world. So what explains the selloff and does it mean that bonds are becoming fundamentally riskier? What happens if investors can no longer hedge stocks with government debt? And how do expectations of the Federal Reserve's "reaction function" fit in? In this episode, we speak with Carolin Pflueger, associate professor at the University of Chicago and a resident scholar at the Chicago Fed, about her work on…
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