The massive sale of treasury titles intensified as investors continued to withdraw from American assets, sending long -term yields to over those during the financial crisis, writes Bloomberg. The increase of the yields questions the status of treasury titles as a worldwide refuge as an asset. The efficiency of 10 -year treasury titles, considered benchmark, increased by up to 16 basic points, reaching almost 4.6% on Friday, an increase of more than half a percentage since the end of last week. Thus, the yields of the government securities have surpassed those in the 2008 financial crisis, being the largest increase in the 1980s, when the level of interest was much higher. «The problem is the loss of confidence in American economic policy,» said Kathy Jones, Chief Fixed-Incommean strategist at Charles Schwab.
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