Skip to content
Photo by Adam Nir / Unsplash

By Paola Subacchi & Paul van den Noord - Project Syndicate | Mar 28, 2025

As long as the US dollar remains the world’s key international currency, the convenience yield of holding dollar-denominated assets will likely forestall a large-scale sell-off. But this stability hinges on one crucial assumption: that US institutions remain strong and credible enough to preserve confidence in Treasuries.

This post is for paying subscribers only

Subscribe

Already have an account? Sign In

Latest

Future Without Massie

Future Without Massie

Because Massie, like Congressman Ron Paul before him, could not be bought. And Washington, both Republicans and Democrats, cannot abide partners who refuse to be bought

Members Public