Interest rates reflect ‘duck-and-cover’ trade to price the risk of North Korean war

Many who attended grade school during the Cold War will remember what they were instructed to do in the event of a nuclear attack. When the siren wailed, U.S. students were told, one should “duck and cover.” Apparently, squatting under your desk with your arms covering your head would save you from...

Interest rates reflect ‘duck-and-cover’ trade to price the risk of North Korean war