US Bond ‘Death Spiral’ Risk Brushed Aside by Foreign Funds
- Overseas funds hold a near record $7.3 trillion of US debt
- US bonds appear more attractive at these yield levels: Amundi
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Whether you’re speaking with Europe’s largest money manager, Australia’s giant pension funds, or a cash-rich insurer in Japan, there’s a resounding message you’ll hear when it comes to US Treasuries: They are still hard to beat.
Four months since incoming Vice President JD Vance said he was concerned Treasuries face a possible “death spiral” if bond vigilantes seek to drive up yields, firms including Legal & General Investment Management and Amundi SA say they are willing to give the new administration the benefit of the doubt.