US Treasuries, Dollar Have Pockets for Demand: Nuveen

Are you still buying even though you have this trepidation that there could be that moment where suddenly the bond market pushes back? So it actually doesn't matter if I am buying because there are plenty of buyers. So we've had twos, threes, fives, 10s, twenties, 30s, tips all this month. Only one of those elections had a tail to it. So there's a lot of demand. Some of that is around flight to safety because there are some uncertainties out there around monetary policy, fiscal policies. You've seen these election results in India, for example, that surprised the market. In Mexico, that surprised the market. So the dollar has a lot of demand for it. You know, we look a lot at, for example, dollar, yen and what Japanese investors are doing with their dollars. When you look historically, the insurance companies in Japan, for example, typically hedge like 2/3 of their U.S. dollar bond holdings. They're only hedged under 45% now. So again, high cost of hedging dollars trending. There's a lot of pockets of demand for both the dollar and for US Treasures as a result.