Graph: USD / EUR exchange rate and 10 years of treasure product
Something strange happens in the United States.
Investors hit the hatches over the fears of something Tariff fuel financial crisisA rare breakdown between the $ of dollars was opened between the American government’s debts.
Although some technicality, it essentially means Green is wrapped back At the same time, US debt costs rise.
In this trend, the investors said investors noted that the two main financial measurements were reflected in Tandem.
More Pisi, Donald Trump’s commercial war was pummeling after opening a wave of economic confusion.
Combined, falling dollars and rising productivity reflect the financial view of the US president’s president in America in America Safe shelter status of the country at risk.
The Christian Keller in Barclays, Trump marks how much the United States has fallen since the beginning of this month.
“A parallel in one equity is typical for sale, rates and currency markets, but not the world’s main secure markets,” he says.
Investors were accustomed to the fact that the United States had the best place for the United States to monitor the world’s “exorbitant opportunity” to control the world’s reserve currency.
It was planned to invest in foreign money floods to invest in the country, to further grow the country and grow the economy faster.
However, suddenly investors suddenly transform the ditch and other assets in the United States.
It seems like anything close to the basic rule of global finance, the pattern of ordinary behavior represents a surprising reverse.
The result is that the dollar and bond productivity, which moves in Tandem or in a large way, was dramatically.
After the president suspends most aggressive tariffs in almost all countries, the markets did not fit in the markets.
From April 2, the dollar called the “Day of Liberty, fell from 4pc and rose from 4.2pc to 4.5pc in 10-year bonds.
Keller says it is a remarkable break with the history of actions.
“The Dollar’s increase in response to the US Tariff – the opposite of the economic textbook doctrine – and the United States for the Treasury Capital loss – contrary to safe insurance – TRUMP has threw a wider light on the general dynamics, which has begun.
As tariffs harm import, the textbook economy will dictate the dollar strengthens. Similarly, the expectation of a recession must reduce interest rates, including the bond product.
“The US Treasury Treasury Treasury Treasury has risen as a result of foreign owners who require a higher award to pay a higher award to pay concerns about treasures about treasures,” Keller said.
Economist Gerard Lyons in Netwealth Lyons, America’s lack of alternative in the last 25 years.
For example, a safe shelter of Germany’s Deutsche icon with the euro was not seen as a safe shelter, and Japan was once a sound market.
In addition, several of the props that support bonds in recent years have started.
Quantitative facilitation (QE)The federal reserve dragged the active purchase of about 9 trillion (6.9 trillion TL), as soon as the Central Bank’s balance sheet fleeed, disappeared for a long time.
When policy is based on the operations of the Central Bank after the financial crisis, the new waves of the QE will push new waves at the same time by reducing debt costs in this process.
The dominance of American shares has also affected the performance of the dollar as stated Magnificent seven technological companies Cash in the United States. However, this was shaken by the trade war.
Meanwhile, the American trade deficit buys goods from the United States and households from households.
Currently, more than a five-fifth of the American government is $ 36 trillion debt and foreign buyers.
If Trump is able to shake the US trade deficit, it will cut the dollar flow to the American bond market.
Along with the kill, there are steps that the government can take to restore confidence in the US economy.
For example, in the Federal Reserve, Jerome Powell can receive bonds to close the markets to the shore.
However, along with the tariffs of the QE again, it is difficult to fire once again.
Next is the Fed, the latest sales can do nothing in Kriscna Guha in Kriscna Guha in Kriscna Guha, which describes the latest sales, as “almost unprecedented”.
“In the back of liquidity, the Fed, the fed can limit prices,” he says. “However, this cannot stop the influx of capital managed in the US economic policy.”
As a result, the reserve currency status, which gives America such a power, is confident in a global scale. And once this confidence is called to the question, it turns into a prophecy.
Holger Schmieding at Berenberg Bank A “Liz Trump moment” warns In America, a mini budget to apply for the former prime minister that caused the market chaos.
“Non-traditional policies playing gambling with the state finance of a country and its growth worldview can cause the hypothesis that public debt is risk-free,” he says.
“The crisis between the US Treasury is the concern of investors in the commission of the crisis and the dollar Donald Trump’s policy agenda.”
“Trade war damage can accelerate the deterioration in the US financial situation.
“A great uncertainty will lead to a sharp decline in the US economy, in investment and consumption.”
The dollar and increased productivity predicts further increasing, and this important economic indicators deteriorate with surprising disagreements.
“These developments are very important to follow, because the US shows a paradigm change as a place for capital flow,” said Keller in Barclays.
“It is also triggered not only with the excessive tariff policy, but also to charging the rest of the world to give the dollar as a price-in-price currency.
“Tariffs and foreign policy proposals are increasingly radical, and these views began to look less.
