Commentators have been wondering why, when equities declined sharply over the tariff debacle, money didn't go into treasuries, typically a safe haven in times of uncertainty. Perhaps I'm missing something but that fact that Trump has threatened to turn fixed date securities into perpetual bonds might be the reason. Why would anyone buy an instrument with a fixed maturity if there is a significant risk they would never be able to get their initial capital back? It appears investors who have sold equities have moved into gold instead.
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