Despite Risks, Investors Just Can’t Quit US Treasurys

Despite an array of reasons to avoid government debt, investors are continuing to pile into Treasurys—fiscal cliff or no fiscal cliff.

Reversing a six-month trend, U.S. securities topped corporate bonds in November, even amid all the wrangling over the deficit-reduction talks and the divisive presidential election.

Driving the trade was an aversion towards riskier assets like stocks and commodities, as well as a feeling that with U.S. growth slow and much of the global economy likely to be even slower, Treasurys remain a premier place to be.