U.S. Treasuries' Investor Behavior Questioned
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Federal ReserveReuters
•U.S. Treasuries not the safe bet they once were, research says
88% Informative
U.S. Treasury investors seem to have shifted to the risky debt model when pricing Treasurys , researchers say.
Researchers looked at behavior of Treasuries securities during the pandemic shutdown of 2020 .
They found that investors did not, as they had during previous episodes of global financial stress, pile into Treasury and drive up their value.
Instead, investors marked down Treasury securities, much as they did for bonds from other countries.
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