Why protests won’t dent Treasuries’ safe haven status

The US government's efforts to roll back lockdown measures and re-open its economy amid an unprecedented pandemic have been dealt a grievous blow by nationwide anti-racism protests. The mass movement threatens to send coronavirus cases soaring, cause the death toll to increase further from its current level of 107,000 and stifle any chance of an economic turnaround. Despite this, institutional investors are unlikely to liquidate record volumes of US Treasuries as they did…