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US interest rates are rising so US treasuries are getting cheaper to buy, thus providing a higher payoff if held to expiration. ECB hasn't started raising EUR
by SkyMarshal 4y ago
US interest rates are rising so US treasuries are getting cheaper to buy, thus providing a higher payoff if held to expiration. ECB hasn't started raising EUR rates yet. That combined with the economic security of US relative to Europe is probably attracting safe haven-seeking capital.