U.S. Treasury, Dollar Investors Scrutinize U.S. Fiscal Stance More Closely

1008 GMT - The U.S. has so far benefited from both the dollar and Treasurys being safe havens regardless of fiscal concerns but this could now change, DNB Asset Management's Ingvild Borgen says in a note. "To date, the U.S. has benefited from the fact that both its currency and its government bonds are regarded as the ultimate safe havens in global financial markets," the portfolio manager says. "The U.S. has not faced the market discipline that typically accompanies irresponsible fiscal policy--a pressure long experienced by countries in Europe and emerging markets." One potential positive is that Treasury Secretary Scott Bessent has already suggested that the U.S. will be compelled to take measures to prevent the debt burden from continuing to rise, Borgen says.