Explainer
The Many Reasons US Bonds Are Falling Despite Haven Status
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US Treasuries are typically the world’s safest asset during periods of turmoil in financial markets, but in recent days they’ve fallen even as equities tumble, spurring questions from investors about whether their haven role is in doubt.
This week’s selloff in US debt is the worst since the pandemic and extended for a third-straight day on Wednesday, with yields on 10-year notes rising as much as 22 basis points to 4.51%.