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Odd Lots · October 5, 2026 · 50m

Why Treasuries Are 'Risky' Again

US Treasury yields have been rising alongside bond yields globally. Carolin Pflueger, associate professor at the University of Chicago and resident scholar at the Chicago Fed, explains that bonds have become more stock-like, behaving less like traditional safe havens. The episode explores how this shift affects yields and why the Federal Reserve's credibility is central to restoring bonds' traditional role in portfolios.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Preview

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Bonds Becoming More Stock-Like
US Treasury bonds are taking on characteristics traditionally associated with equities, challenging their historical role as a safe haven.
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The Fed's Reaction Function and Bond Credibility
The Federal Reserve's perceived policy response is a key factor in determining whether bonds retain their traditional, low-risk characteristics.

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