The $24 Trillion Treasury World Suddenly Looks Less Dangerous

“Bonds are getting a bit less risky,” said Christian Mueller-Glissmann, head of asset allocation strategy at Goldman Sachs Group Inc., who shifted from underweight positions in bonds to neutral at the end of September. “The total volatility of bonds is likely to fall because you don’t have the same amount of duration, and that’s healthy. Net-net, bonds are becoming more investible.”

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