[French Rage]

Yes, that was my point, that the 10-year was still being touted by the Treasury in 2021 as a safe investment. Why? Because it was in their own best interests.

How much would they have lost if they held to maturity?  When was the last time Treasury bonds were defaulted on?

The Treasury can give you a safe investment, but they can't control what you do with it in the meantime before it matures.  They can't stop you for selling it from magic beans.  That's on you, not on them, if you do.

[French Rage]

Yes, that was my point, that the 10-year was still being touted by the Treasury in 2021 as a safe investment. Why? Because it was in their own best interests.

How much would they have lost if they held to maturity?  When was the last time Treasury bonds were defaulted on?

The Treasury can give you a safe investment, but they can't control what you do with it in the meantime before it matures.  They can't stop you for selling it from magic beans.  That's on you, not on them, if you do.