[than3]

They were always risky assets the moment they started QE.

The main problem, its now almost impossible to avoid extreme hyper-inflation (which inevitably will cause a repeat event but much worse) and when the mechanics force it back there will be a deflationary cycle (that feeds on itself).

There have been a lot of policy mistakes over the past two years. Selling more bonds in an environment of rising interest rates is what a fool would do.