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UAO Daily Video Brief — September 4: The safe asset stopped behaving like one, and a Fed governor said so out loud

A Fed governor says the Treasury safety premium is gone, Kuwait writes a legal route to borrow from its own sovereign fund, and Lloyd's reports £1.4bn of Gulf war losses — an early, IBNR-heavy estimate.

UAO Daily Video Brief — September 4: The safe asset stopped behaving like one, and a Fed governor said so out loud

The Universal Owner · Daily video briefing · Friday, September 4, 2026

A Fed governor says the Treasury safety premium is gone, Kuwait writes a legal route to borrow from its own sovereign fund, and Lloyd's reports £1.4bn of Gulf war losses — an early, IBNR-heavy estimate.

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