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Continue to ChatTreasurys, as low as yields are, are higher than they are in most other developed countries. A foreign investor picks up a yield spread in Treasurys versus their own sovereigns, plus the fact that if the dollar is going to continue rallying - and I think it will because it's a safe haven - then they get a currency translation gain as well. - Gary Shilling from https://whatsmyquote.com/quote/treasurys-as-low-as-yields-are-are-higher-than-they-are-in-most-other-developed-countries-a-foreign-investor