Insight Investment questions government bonds as universal risk-free benchmark
Insight Investment’s April LaRusse says markets still assume government bonds are a risk-free valuation benchmark, but that the assumption deserves closer scrutiny amid rising sovereign debt burdens.
Markets continue to anchor valuations around the assumption that government bonds represent the risk-free benchmark, Insight Investment's April LaRusse says in a note. "However, in a world of rising sovereign debt burdens, we believe that assumption deserves closer scrutiny," the head of investment…