US Treasures fall to the second day after they disappointing $ 58 billion

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

The US government debt duty, after a second day after a second period, poor demand after a short-term treasury auction and hedge funds continued to open popular trade.

10 years of benchmark Treasure The trillions of assets in the world jumped in the trillion productivity, and 0.3 percent on Tuesday. During the last two days, almost 0.3 percent increased: a large jump for an asset that usually moves with small increments.

Tuesday sales are the latest signs of even low-risk assets for some investors for cash for cash, because the tariffs of the main trading partners of President Donald Trump are gaining intense volatility in the markets. Hedgehogs are critical players because they want to reduce risks in their portfolios and return widely distributed traders in the treasury market.

The feeling of Gulhin has deteriorated the auction for the three-year records of the US Treasury Department since 2023.

The auction drew higher than the expected productivity and did not receive any supply of other investors – 20.7 percent of 2023 percent, the highest percent of 2023, the highest percentage, the highest percentage, the highest level.

This week, a negative agreement, including the Auctions, including the Auctions, including $ 22 billion in the $ 22 billion bond on Wednesdays, $ 39 billion.

The weak auction will also add foreign investors to be afraid of government debt to foreign investors, when foreign investors’ high debt levels and the independent regulators of the Trump management.

“Today, the poor three years of auction will definitely feed rumors about foreign investors withdrawn from the Treasury market,” said Matthew Scott, Core Fixed Revenge and Numerous Wealth trading in Alliance.

“People are at the moment, they do not want treasures, ‘they are out’ in the mode,” said a hedge fund manager who asked not to be called. The person added that the auction was “get bad” where the capital markets could result in weight. The S & P was 4.1 percent on Tuesday, but in volatile trade decreased by 1.6 percent.

“Auction, (capital) was tank in the market tank,” he said. Said.

Hedgehogs also reduce risks in their portfolios on Tuesdays. Abroad, including “basic trade”, including “basic trade”, including the “basic trade”, is borrowed in large amounts of treasures and related futures.

Hedgehogs also placed large bets with the possibility of reducing the bank regulation of the Trump management this year. Especially a rule – the standard goal ratio – the loan of the banks as treasures is more expensive.

Hedge foundations were waiting for treasures due to the change of routes – the derivatives that allow traders to speculate in the debt market – banks would receive more bonds without these rules.

However, tariffs rose to banks, including banks, banks, including banks, including banks, treasure. As a result, the interest rate change is superior to the treasures that force the popular trade and forced to get out of their responsibilities.

“This is a renewable, full hedge fund in a trader in the wall Street Bank,” he said.