U.S. 20-year Treasuries down 38% since 2020. Largest collapse in a century, even Volcker era pales. The money supply just hit an all time high and we’re all talking about easing.
Are U.S. Treasuries finally as risky as stocks? First, what is a Treasury? When you buy a U.S. Treasury bond, you’re lending money to the government. They promise to pay you interest (called a coupon) and then return your money …