CNBC reports that an economist said that U.S. authorities are spending so much that European debt will become more appealing to investors.

U.S. bonds are traditionally perceived as a safe asset. This means that those who buy U.S. government bonds will have stable returns in the future -- even if these are not very high -- and investors trust the U.S. government will pay that debt back.

However, that could change once the coronavirus pandemic is over.

“Debt in the U.S., public debt, is surging much, much more than what we see anywhere in Europe, so the comparison between buying a European bond or a U.S. bond will actually look more favorable in the future,” Holger Schmieding, chief economist at Berenberg, told.

The U.S. Congressional Budget Office said in September that public debt is set to “rise sharply to 98% of GDP in 2020, compared to 79% at the end of 2019.”