There Most week of Wall Street For decades he has questioned the role of the United States in the global economic and financial system. For the first time in generations, investors found themselves dealing with the possibility that the dollar he is Treasury – considered refuge assets par excellence – are no longer particularly safe. Donald Trump brushed on the concerns and ensures: the green ticket it will always be the Reference currency.
THE Treasury are the state government bonds issued by the United States government to finance their public debt. Considered among the safer investments in the world because they are supported by the Federal Governmentinclude different tools such as i Treasury Bills (short -term)i Notes (medium term) he is Bonds (long -term).
The dollar he is American state securities they paid the highest price of the mutual duties by Donald Trump: they were overwhelmed by a sales of sales while Wall Street collapsed. And this – the observers say – is not normal: in the periods of high volatility of equity markets, such as the Crisis of 2008 or the CovidThe dollar he is Treasury they usually rise pushed from the race to refuge assets of investors. The ‘day of liberation’ of Trump, on the other hand, caused a collapse that did not spare the green ticket nor the market of 29,000 billion dollars of the Treasury. THE’euro is ai maximum on the American currency since 2023. I yields on US titles they climbed several points.
The Dollar status as refuge is threatened by unpredictable politics and from theIncrease in commercial barriersis the alarm launched by Funds manager. There is the possibility of an end of the“American exceptionalism”told the Financial Times Bob Michele, Chief Investment Officer Of JPMorgan Asset Management. “There cotic politics of Trump puts the position of the United States at risk as a refuge, “he observed Bert Flossbachco-founder of Flossbach von Storchthe largest Independent Asset Manager of Germany.
«There is certainly the possibility that a greater one political uncertainty in the United States it can lead to a change in theuse of the dollar in the global economy, “he highlighted Brad Setserof Council of Foreign Relations.
It is not better to American state securities: are increasingly treated like risky assets And this, analysts warn, makes not one fear recession But one heavy financial crisis. The Tensions on American debt they caused a leap of yields and forced the Fed to intervene to try to calm the fear. There American central bank – said the president of the Boston Fed – is ready to act to help the market stability if there is a need.
At the moment – he assured – the markets work and are not observed liquidity problems. THE’Attention But it remains high in view of the reopening of the markets: analysts fear a ‘Black Monday’ If there are no indications on Contacts between Washington and Beijing on duties or others Good news on the front commercial.