bdavi77962

freecmorgan, globally you would be right that the net effect of investors fleeing from US treasuries to other debt investements might be negligible to nil, IF debt were everything...

...however, risk-averse investors would more likely turn to gold (or similar) as a dependable store of value, albeit non-yielding. It is therefore quite conceiveable that a flight from "quality" debt would raise the real (and nominal) interest rate, with commodities benefiting correspondingly.