USD bonds as Safe Haven

You can think  either

1. Worries over Europe's sovereign debt crisis returned to the Treasury market with a vengeance Monday, sending prices higher as investors sought the familiar safety of U.S. government debt.
CNN Money  May 23, 2011. 

 OR

2. US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.
Niall Ferguson, FT February 10 2010 

  

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