The best replacement for treasuries is tips.

The best alternatives to treasuries are rated as following:
★★★★★  tips
★★★  treasuries
★★★  corporate bonds
★★★  municipal bonds
★★  treasurys
★★  agencies
★★  mortgage rates
★★  t-bills
★  municipals
★  swaps
★  cd's
★  government bonds
★  savings bonds
  munis
  ginnie mae

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