Macro Musings with David Beckworth cover image

Will Diamond on Safe Assets, Risk-Free Rates, and Convenience Yields and their Implications for Policy

Macro Musings with David Beckworth

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How Do We Value Treasuries and Public Securities?

How do we value treasuries and public securities, from the main provider ofem to the world? And i was going to get to this question later, but since you brought up this, tackle now get back to your papers. This is a very difficult question you're raising. In general, i would say explaining the level of any acit price is quite difficult. It's related to another literature on y is the stock market value how it is. All the falsifiable theories are false," he says.

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