The Shock Heard ‘Round the World: US Government Bonds

Podcast: Alpha Exchange · Dean Curnutt

Opublikowano: 2026-03-31

The “risk-free” rate figures prominently in how we’ve all been taught the foundations of finance. To price a security, start with the asset that is the safest and soundest and then add compensation for bearing uncertainty. It has always been self-evident that the global risk-free benchmark was the Treasury market. Deep, liquid and viewed as default free, US government bonds have been the recipient of capital during times of stress. And the reason is that the US has long been viewed as not just the world’s strongest economy but also a stabilizing force in global...