U.S. Treasuries

“More than half of all the high yield bonds issued in Italy have yields that are tighter than U.S. Treasuries.”

“And when I got that, the ten-year treasury rate was 90 basis points, and this was January of 2021. And I said, okay, I got plenty of bigger fish to fry. Let me just kind of Put this one on hold for a little bit, and had my first IC meeting at the end of Februa…”

“Chinese bonds have outperformed U.S. Treasuries by 15% this year.”

“This is the first Fed tightening cycle in my lifetime where emerging market bonds are crushing U.S. Treasuries, German bonds, JGBs.”

“Forty-five billion dollars in currency intervention. That money had to come from somewhere. It came from U.S. Treasuries.”

“For us, we wanted to have something that was liquid, highly safe, or would have a negative correlation with equities and not complicated. So I don't really want the Barclays Ag. I don't need a bunch of mortgage-backed securities in there that have complicated …”

“Our physical assets, over half of them are Boring old U.S. Treasuries, but they work. They get the job done on hedging, and they're great collateral.”