Petrodollars to flow into US Treasuries despite Iran

(Reuters) - Analysts said although Iran held a small fraction of
government bonds, its initiative to ditch the falling dollar
was further confirmation of diversification away from the
currency and related assets.




"It's negative for Treasuries overall because it does fit
with the idea that there is a diversification away from the use
of the dollar by various means," said Tony Crescenzi, chief
bond market strategist at Miller, Tabak & Co. in New York.


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