- According to recent data from global index provider FTSE Russell, US Treasuries have become expensive compared to other major sovereign bond markets over the last four years, as measured by US yield spreads versus the FTSE World Government Bond Index excluding the US (WGBI ex. US).
- During times of economic turbulence and weak growth, US Treasury yields tend to fall faster compared with treasuries in other developed markets.
- Investors might be weighing US versus non-US government bonds and looking for opportunities in the broader international treasury market.
For further details see:
Searching Outside The U.S. For Yield