Alice Atkins

3 weeks ago | news.bloomberglaw.com | Alice Atkins |Liz McCormick

Investors typically flock to US Treasury bondsas a haven from gyrations in financial markets. They rallied during the global financial crisis, on 9/11 and even when America’s own credit rating was cut. Yet something unusual happened in early April amid the chaos unleashed by President Donald Trump’s imposition of “reciprocal” tariffs. Instead of rising as riskier assets like stocks and cryptocurrencies tumbled, Treasuries followed them lower.