“Investors are flocking to Treasuries not because they are a great investment, but because they have concerns about other asset classes,” Mike Pond, co-head of U.S. rates strategy with Barclays Capital, told CNNMoney.com.
However, some bond investors are worried about the U.S. deficit and spending, inflation and the debt ceiling.
Investors around the globe are concerned about the long-term safety of U.S. Treasuries, and many are scaling back their exposure, Time reported.
iShares Barclays 20+ Year Treasury Bond
Chart source: StockCharts.com.