VAST VIEW Investors Flee Stocks For Treasuries As Safe Haven Rush Returns
US Treasury prices jumped Thursday as a sharp selloff in American stocks sent investors scrambling for safety, with strategists warning the flight to bonds is far from over.
Photo by Gam-Ol via Pixabay
US Treasury bonds climbed on Thursday as a wave of selling hit US equities, pushing investors toward traditional safe haven assets, according to Bloomberg Markets.
The move was discussed on Bloomberg's "Real Yield" program, where Kay Herr, chief investment officer of US global fixed income, currency and commodities at JPMorgan Asset Management, and Stephanie Larosiliere, head of fixed income business strategy at Invesco, joined host Scarlet Fu to break down the market swing.
Larosiliere said demand for safe haven assets like Treasuries is likely to continue, according to Bloomberg, as the stock market turbulence pushes more investors to seek shelter in government debt.
Sources: Bloomberg Markets
More from Money
The Federal Trade Commission has ordered nine major US companies, including Walmart and JetBlue, to disclose how they use personal consumer data to set individualized prices.
Core inflation climbed to 3.1% in September even as the economy grew a stronger-than-expected 3.4% in the third quarter, new federal data show.
Caterpillar shares plunged after weak results outside its booming data center unit, setting up the stock's steepest single-day drop in seven years and dragging on the Dow Jones Industrial Average.