U.S. government bonds just suffered their worst quarter of the past half century: Here’s why some investors may not be fazed

U.S. government bonds just finished their worst quarter since at least 1973, yet some investors aren’t likely to be put off from buying Treasurys again given rising risks of a U.S. recession within the next few years.A model created by Goldman Sachs GS foresees a 38% chance of a downturn 12 to 24 months from now, up from virtually no chance in the next year. The path of overnight-index swaps, along with a generally flat Treasury yield curve that inverted on Tuesday and Friday, also point to the prospect of an economic downturn in the next couple of years. Increasing odds of an economic downturn argue in favor of government…