U.S. Debt Rout Ignites Hunt for New Havens That Ends in China
- JPMorgan, Brandywine tout nation’s bonds as viable safe asset
- Low correlation to peers means they work well as a hedge
This article is for subscribers only.
An upstart contender to U.S. Treasuries has emerged in the wake of last month’s vicious debt rout.
Chinese government bonds have defied the turbulence rocking peers from Australia to Europe, offering a port in the global reflation storm. JPMorgan Asset Management and Brandywine Global Investment Management LLC are among those who now see them mimicking the resilience that has afforded U.S. government debt the status of the world’s safest asset in times of crisis.