Holger Zschaepitz(@Schuldensuehner):“Risk-free” can be painfully expensive. US 10y Treasuries have suffered their worst 5y nominal returns in over 120yrs, Goldman shows. Inflation made the losses even uglier. The twist: after this historic rout, yields are merely back near their long-run average.

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

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Holger Zschaepitz@Schuldensuehner

2026.09.20 09:38

“Risk-free” can be painfully expensive. US 10y Treasuries have suffered their worst 5y nominal returns in over 120yrs, Goldman shows. Inflation made the losses even uglier. The twist: after this historic rout, yields are merely back near their long-run average.

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