Blog
Treasuries’ allure as safe haven noted in short maturities, not in long bonds
Abstract: The United States has a large negative net-foreign-asset position, especially in safe assets. In times of crisis, U.S. government debt, especially short-term Treasuries, are viewed as a safe haven. As a result, the U.S. is a net debtor. It is more leveraged and tends to hold more risky assets (mostly equities) and finance those positions by selling safe-asset debt to the rest of the world.
Access Documents
File(s):
File format is text/html
https://www.dallasfed.org/research/economics/2023/0627
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2023-06-27