The inevitable levering of asset structures to double or quadruple returns relative to risk-free assets?

资产结构无可避免应加入杠杆操作，以便将报酬率相对于无风险报酬率放大两倍或四倍？

youdao

So what might replace Treasury bonds as the global risk-free asset?

那么，什么来取代美国国债成为全球性的无风险资产呢？

youdao

Dollars are the world's primary reserve currency, and Treasuries are the world's preferred "risk-free" asset.

美元是世界的主要储备货币，国债也是直接普遍选择的“零风险”资产。

youdao

Unfortunately, because QE involves the exchange of one risk-free asset (bank reserves) for another (Treasury securities), QE does nothing to increase the amount of risk-free assets available to the market.

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The prices assigned to Treasury securities the risk-free rate are the foundation from which the price of virtually every asset in the world is calculated.

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