US Bonds Aren’t ‘Risk-Free’ Assets, Ex-LTCM Partner Haghani Warns

Long-Term Capital Management founding partner Victor Haghani has joined the chorus warning that US bond markets are unlikely to offer a risk-free shelter from tariff-induced volatility.

While the chance of a US debt restructuring is “pretty low,” the recent selloff in long-dated Treasuries shows that government bonds are trading with some degree of credit risk, Haghani said on Monday.