Hanson said a default could make it more difficult to finance future spending with debt since fewer people would be willing to hold U.S. Treasurys rather than other sovereign bonds that have a higher credit rating.

Source: https://www.coloradohometownweekly.com/2023/05/18/what-happens-if-us-cant-pay-its-bills-catastrophe/

Investors are shying away from risk, turning to defensive stocks and Treasurys, yet they appear equally worried about missing out on a potential stock-market rally.

Source: https://biztoc.com/x/f4ef12b89dc12835?ref=ff

We also continue holding a sizable, short position in long-dated US Treasurys until our momentum indicators suggest otherwise.

Source: https://seekingalpha.com/article/4568874-vailshire-partners-hedge-fund-client-memo-q1-2023?source=feed_all_articles