OWN SOME U.S. TREASURIES
- Safe haven asset class in recession eras
- U.S. rates higher than other developed markets
- Longer maturity = more dramatic price moves
- Every 1% decline in yield:
- – 2-yr Treasury note value + 1.9%
- – 10-yr Treasury note value + 8.6%
- – 30-yr Treasury bond value +19.1%
