Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
By BERNARD CONDON and STAN CHOE, AP Business Writers
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has