MacroVoices #366 Louis-Vincent Gave: Staying Humble in Troubling Times
Macro Voices
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The First Job of Treasuries Is to Diversify Your Equity Risk
US treasuries have not been doing the job in the portfolios that they were hired to do for two years now. The first job of treasuries is to diversify your equity risk. And I would say their most important job is make sure nobody goes through to hit the quarterback and they're failing dismally at this.
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