What makes “safe” assets perceived in that way isn’t really their price. Most often, the idea relates to the fact that there is a dependable market for its class that won’t fail except for the most extreme possible cases. If you have to, you can sell the thing the next day left to account only for short-term moves which shouldn’t be all that much.
The US Treasury market is right now experiencing selling “pressure”, most on its longest-dated instruments. Over the past several weeks, rates have risen; some say sharply, alarmingly in inflationary fashion, punctuated by a particularly big move just yesterday.
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