Aug. 6 (Bloomberg) — Global investors can't get enough Americansecurities a year after Standard & Poor's Corp. downgraded U.S.government debt.

The dollar has outperformed its peers in the past 12 months,rising by 10 percent against a basket of six currencies. U.S.stocks have been the best performing equity market in terms ofdollars, with the Dow Jones Industrial Average advancing 14percent. Treasuries also have done better since the S&P actionlate on Aug. 5, 2011, returning 6.7 percent to investors comparedwith 6.1 percent for other government bonds.

“We're seeing negative data come in from a lot of parts of theworld,” said Kenneth Rogoff, a professor at Harvard University inCambridge, Massachusetts, and a former chief economist at theInternational Monetary Fund. “The rest of the world is looking atthe United States and saying, 'I wish we were the UnitedStates.'”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.