SNB President Schlegel Sees No Alternative to US Treasuries

SNB President Schlegel sees no alternative to US Treasuries

Switzerland’s central bank chief gave a vote of confidence to US government bonds even after the world’s biggest economy was stripped of its last top credit rating by Moody’s. “US Treasuries are very liquid,” Swiss National Bank President Martin Schlegel said Monday in Lucerne. “There is currently no alternative to them and it’s not foreseeable that there will be an alternative.” The SNB has amassed more than 700 billion Swiss francs ($838 billi…

SNB President Schlegel Sees No Alternative to US Treasuries

Switzerland’s central bank chief gave a vote of confidence to US government bonds even after the world’s biggest economy was stripped of its last top credit rating by Moody’s.

“U.S. has the ability to print money and not Europe. It’s time to invest in Treasury bonds.” “U.S. has the ability to print money that Europe doesn’t,” so it’s not the ability to pay but a governance issue, in relation to the credit reduction of US debt. So explains [...] The entry “U.S. has the ability to print money and Europe doesn’t. It’s time to invest in Treasury bonds” was first published on Business TV.