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What you need to know about US Treasury bonds

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People pass by the Treasury Building on Pennsylvania Avenue in Washington, DC, on May 19, 2023. Republicans have paused crunch US debt default talks less than two weeks before a potentially catastrophic default, House Speaker Kevin McCarthy said Friday, citing lack of movement from Democrats. (Photo by Mandel NGAN / AFP)

For now, the prospects for the Treasury market look rather bright.

PHOTO: AFP

Jeff Sommer

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For decades, Treasury bonds have been viewed as the ultimate safe asset – the bedrock of the global financial system. That has been the time-tested solution to investment agita in the past.

And it’s probably – though not certainly – going to be the solid answer to some basic investing problems now and for the foreseeable future too.

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