Government bonds held at banks may be ‘toxic asset’ of next financial crisis, fund manager says

MarketWatch/Vivien Lou Chen/3-15-2023

“Contagion fears triggered by the speedy collapse of two regional banks in less than a week is raising the risk of a crisis in confidence in U.S. banks, one in which government bonds would be the ‘toxic asset’ at the center of it all.”

USAGOLD note: Who would have believed that US Treasury securities would ever be viewed as toxic? Yet here we are……