US Treasuries Risk Losing Haven Status, Pension Official Says
The US Treasury building in Washington, DC.
Photographer: Al Drago/BloombergUS Treasury bonds are at risk of losing their haven status should US fiscal stress continue to build, according to Canada Pension Plan Investment Board.
“We worry that if the fiscal scenario continues for a period of time” the Treasury market could stop being a haven, Manroop Jhooty, the pension plan’s head of total fund management, said in an interview.