I have same question as Johannes. Thank you.
Excellent as usual James. Re “as investors slowly wise up to the risks of holding the so-called risk-less USTs” --> does this mean you see a time when holding even a 3 month TBIL also becomes too risky? What would the trigger be to get out of TBIL?
I live in Norway and I’m seriously concerned about their monetary policy. The Norwegian krone has almost halved their value against USD and EUR in the last 10 years.