Global Confidence In U.S. Treasuries Has 'Slightly Eroded,' Lagarde Says

Christine Lagarde, the new chief of the International Monetary Fund, said confidence in U.S. Treasuries is "slightly eroded" ... "There was a positive bias toward the United States of America, toward Treasury bills," Lagarde said in an interview on CNN's "Fareed Zakaria GPS" ... The "very strong confidence" in Treasury bonds is "slightly eroded at the moment." ... "This level of uncertainty, the trepidation arising from August the 2nd, is bringing about a lot of instability," Lagarde said. – Bloomberg

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