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.'”

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