U.S. bonds still investment of choice despite debt-ceiling crisis

The recently, if temporarily, resolved financial crisis created by Washington politicians has damaged the country’s financial reputation with global leaders, but its Treasury bonds are still considered a safe investment by world leaders, according to a CNBC report.

Big holders of Treasury bonds including Russia, China and Japan, which pressured Washington to avoid defaulting on U.S. debt and warned they were looking for alternative investment options.

The agreement in Washington to reopen the government and avoid debt default might have staved off those threats, but according to the report, the biggest reason most countries will stick with investing in U.S. debt is because there are no alternatives considered safer than Treasury bonds.

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