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Europe's financial watchdogs question safe-haven status of U.S. Treasuries
By Jorge Valero and Laura Noonan
Bloomberg News
Thursday, April 17, 2025
The head of Europe's insurance watchdog said the U.S. Treasury market's recent volatility is bringing into question its status as a safe haven.
Petra Hielkema, the chair of the European Insurance and Occupational Pensions Authority, made the comments last week as part of a presentation on behalf of European Union financial supervisors, according to people familiar with the matter.
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The striking assessment at a closed-door meeting hints at some of the nervousness about Treasuries, which have served as the world's "risk-free" asset and act as collateral for trillions of dollars of lending a day.
While there's no indication that European regulators are taking any concrete action yet, the comments underscore how quickly the world's perception of Treasuries has changed in the span of a few weeks. ...
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