Europe’s Financial Watchdogs Question Treasuries’ Haven Status
The US Treasury building in Washington, DC.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
The head of Europe’s insurance watchdog said the US Treasury market’s recent volatility is bringing into question its status as a safe haven.
Petra Hielkema, the chair of the European Insurance and Occupational Pensions Authority, made the comments last week as part of a presentation on behalf of EU financial supervisors, according to people familiar with the matter.