Sonja Hutson

and Iran have not resumed talks yet.

Trump yesterday said they could restart over the weekend.

Trump's comments come as his defense secretary said the Pentagon will restart military operations against Iran if they don't agree to a deal.

Development banks are giving the U.S.

Treasury a run for its money.

The Treasury holds the title of the world's lowest-cost dollar borrower.

But dollar bonds issued by the World Bank, the European Investment Bank, and others are growing in popularity.

And that's threatening the Treasury's status.

The Trump administration's erratic policymaking has made these alternative safe haven assets look a whole lot safer and more appealing.

I'm joined now by the FT's Elettra Artesino to explain.

Hi, Elettra.

Hi, Sonia.

So tell me about these dollar bonds that are issued by SSA institutions.

And that stands for Sovereign Supernational and Agency.

Basically, large organizations like development banks.

OK, so the premium on these SSA bonds has brought them closer to U.S.

treasuries.

But why are these so attractive to investors right now?

So are investors selling U.S.

treasuries or are they just diversifying by buying more of these SSA bonds?