Katie Koch, chief executive officer at TCW, reports a growing global shift away from US Treasuries. She describes the trend as a "quiet-quitting" of US bonds, suggesting institutional investors are gradually reducing their holdings. Her comments were made at the World Economic Forum in Davos.

This sentiment reflects broader market concerns about rising US debt levels and political uncertainty. A sustained move from the world's benchmark safe-haven asset could pressure Treasury yields higher, increasing borrowing costs for the US government and corporations. It signals a potential re-evaluation of global capital flows.

Investors will watch for confirmation of this trend in upcoming Treasury International Capital (TIC) data and central bank reserve reports. A meaningful reallocation could reshape asset allocation strategies worldwide, challenging the long-standing dominance of US government debt as the cornerstone of global portfolios.