Bond Sell Off Raises Questions About U.S. Safe Haven Status
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As the fallout from President Trump’s global trade war spreads, investors
are even fleeing U.S. Treasuries.
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The soaring borrowing costs showed that a euro zone deal to lend Spain up to 100 billion euros ($126 billion) for its banks had not solved the country's problems or restored investor confidence and suggests more aid may be needed fix its finances.
ReplyDeleteThey also illustrated how Europe's troubles run much deeper than Greece,