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Middle East unrest causing flight to safety

Turmoil in Libya and other countries in the Middle East is spurring many investors to pull back on emerging market investments. William O'Donnell, Head Treasury Strategist at RBS Global Banking and Markets, tells BNN he’s witnessing a flight to safety.

“With the developments overseas…it spurred a significant shift out of risk assets and back into less risky assets like treasuries,” he says. 

O'Donnell also says while yields on treasuries have been marching upward recently, that may be about to change.

“There is a chance or a risk that 10-year treasury yields could get back down towards 10 percent in the next couple of months,” he says CTV Two CTV News CTV News Channel BNN - Business News Network CP24