Billionaire investor Ray Dalio thinks U.S. government bonds are becoming risky as the country falls deeper into its debt crisis. "I think it's a very risky investment," Dalio said Monday on CNBC's " Squawk on the Street " when asked about Treasurys. "The risk is not measured in whether you pay back. Their only obligation is to give you money that they can print.
"The Federal Reserve's losses are largely due to holding bonds that are gone down in value therefore lost money and funding with an interest rate that's too high," Dalio said. Another factor is potential sanctions against foreign countries for buying Treasurys, the widely followed investor said. "Other countries still are increasingly feeling worried about sanctions," Dalio said. "If you get them to sell the bonds, then it's a real problem.
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