Government bonds. Risk-free interest or interest-free risk?

In the context of the Covid-19 pandemic, the paper explores the uncertainty surrounding long-term societal and economic impacts, particularly on investment strategies. It highlights the challenges investors face in seeking low-risk opportunities amid widespread financial losses for companies and increased state indebtedness due to economic support measures. The central inquiry focuses on the existence of truly risk-free investment options during these unprecedented times, reflecting concerns from capital market observers about the current investment landscape.