October 17, 2026 12:53 AM GMT US Rates Strategy | North America Risk Cracks Revive Treasury Haven Demand For all the hand-wringing about US Treasury debt levels - which are on track to hit the statutory limit of $41.1tr by March 2027 - it was acute investor misgivings about AI corporate debt sustainability that provided a resounding answer to whether US Treasuries still perform as a risk-off hedge. Key Takeaways M Idea Morgan Stanley & Co. LLC Martin W Tobias, CFA Strategist Martin.Tobias@morganstanley.com ...