Rising fiscal deficits fuel credit growth


FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque/File Photo

WASHINGTON: Investors are showing signs of pulling money out of government bonds and plowing it into the United States and European company debt.   

If the moves persist, money managers could be shifting what for decades has been market orthodoxy: that nothing is safer than buying US government debt.

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Treasury , bond , debt , deficit , fiscal

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