If the U.S. goes into default because Congress fails to raise the debt ceiling, investors won’t rush into bonds like they did in 2011, Matt Tucker, BlackRock’s head of iShares fixed-income strategy, tells CNBC. Instead, Treasurys could sell off.
If the U.S. goes into default because Congress fails to raise the debt ceiling, investors won’t rush into bonds like they did in 2011, Matt Tucker, BlackRock’s head of iShares fixed-income strategy, tells CNBC. Instead, Treasurys could sell off.