There's A Nasty Shock In Store For US Treasuries

treasury checks printing IRS

Photo: William Thomas Cain/Getty Images

This year, investors have been gobbling up US treasuries in a desperate effort to search for safety. But would they have done better to grab Australian sovereign debt or Singaporean bank bonds, as a shield against political incompetence in a fractious world?If the wealth management arm of Merrill Lynch is to be believed, the answer could be “yes”. This month, the US broker is quietly circulating a memo which tells its affluent clients to reposition themselves – and their portfolios – for a fundamental geopolitical shift.

Read the rest at the Financial Times >

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