#Tbills
(5/n)

...Well, and then there still is the considerable risk of another #OrangePeril term .

Not only #Elmo, but from the academics, there is the possibility of bedlam and #CivilWar:

https://mastodon.social/@HistoPol/110379573947039575

...which is not conducive to a stable investment environment.

//

#Tbills

(4/n)

...full-scale collapse👈 — and this is a category of asset that is regarded by most investors as very safe."

Also, someone (not Mr. B.) that has most of his/her expenditure not in dollar terms. There is a significant currency risk on top of that.

But then, there's volatility, and there were many articles about this at the beginning of th>is year:

"By one measure, the #bond market was more volatile than it was in any other year for at least the last decade."
...

#Tbills #BondVolatility
(2/n)

...no more critical story in finance than what 👉amounts to a slow-motion crash of this $24 trillion market. 👈 Many longer-term bonds that were issued just a couple years ago 👉are now trading for a mere of 50 percent of their face value. 👈 In stock-market equivalents, that kind of decline 👉would rate as a ... 1)

1)
https://www.morningstar.com/markets/markets-brief-why-have-bonds-been-so-volatile-will-that-continue

Markets Brief: Why Have Bonds Been So Volatile? And Will That Continue?

Uncertainty over inflation, a recession, and the Fed could mean continued wide swings in the bond market.

^{Morningstar, Inc.}

#Tbills
(1/n)

If the investor weren't #WarrenBuffet, I'd claim that he has a short memory.

Not even a year ago, and the underlying structural problems of US budget policies are still there.

Via #NYmagazine

"When #Wall Street sizes up the world’s risks, one way traders make their bets on the future is through the market in #USTreasuries — that is, #bonds representing the government’s debt.

Since August, there has been...

https://nymag.com/intelligencer/2023/10/treasuries-are-a-usd24-trillion-problem-haunting-wall-street.html