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

MarketWatch/Vivien Lou Chen/3-15-2023

cartoon of a man rolling out paper towels that are U.S. Treasuries“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……



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