For years, sovereign bonds were a safe haven before cash during uncertainty. Recent experiences show even these bonds suffer significant losses, and cash erodes with inflation. #Safeharbour for our hard earned saving ?
Bloomberg.com
Norinchukin Bank to Sell $63 Billion of Bonds to Stem Losses
Norinchukin Bank plans to sell roughly 10 trillion yen ($63 billion) in US and European sovereign bonds to stem losses from wrong-way bets on inter...