US Treasures Selling: What’s been up and why

The US Treasury market has seen investors in an unusual action, in an unusual action, in a safe shelter in the last week, the US President Donald Trump’s “mutual” tariffs.

In several sessions, the fertility in the 10-year treasury has reached 4.592% on Friday, which has been the highest since February. Similarly, 30-year treasury bond product That since November 2023 has been the highest last Wednesday. When the fertility has been lowered since then, they still remain high.

According to LSEG, productivity as a result of fertility from April 11 to April 11 in five days.

The fears and markets of the recession remain volatile, due to sales in Treasurys, because uncertainty periods usually flock to the security of US debt during the period.

The unusual speech raises: Who sold – why?

China is the second largest foreign lender of America after Japan, About $ 760 billion in the treasury securities.

“I think China is actually already arming the treasury holding,” said Chen Zhao, the head global strategy in Alp Macro.

“We are selling treasures and turn revenues into the euro or German group. It is really very suitable for what happened in the last few weeks,” he said. Gangs of Germany Last week, a long-dated treasury had purchased a wider with 10 years of productivity.

However, the others show that we will bite China a lot because we can hurt us to sell treasures

A rapid sale will lower the value of the remaining bonds, ie China will lose their investments, Michael Pettis said. The Greatmate of Carnegie located in Beijing.

“China, who sells Chinese treasure holdings, can shoot themselves in his leg,” said Michael Brown, Pepperstone, General Scientific Strategist. China sells China’s treasures to transfer her capital back to Beijing and demand an estimate spark in Yuan.

This hopes that Beijing has gone for what is going on, especially the government’s internal economy, and the tariffs will take place, Brown went to CNBC.

The largest owner of the US debt called Japan’s role also called the question. The country’s ruling party was reported to be the head of the policy He stressed that Japan should not sell the “intentional” treasury holdings After an opposition deputy, Treasurys faced the idea of ​​using the bilateral trade talks as a means of talking.

An analyst said that Japan could be more sinners in the sale of treasures, not from China, but also for the sale of treasures.

“Japan is actually a bigger problem,” said BCA Research Garry Evans. More accurate, Japan’s life insurers.

“Everything is very good to tell us the Japanese government, we do not intend to sell the treasures, but it is not a Japanese government. This is Nippon’s life,” he said.

If these insurers are concerned about US policy, if you want to reduce flip-decline and exposure, “it’s not much that the government can do.”

Sales can be obtained fuel with a combination of European and Japanese pension accounts to sell a long-distinguished treasure to retrieve stable income, it is also to get European stable revenues, Asian-Pacific Macro Strategy of TD securities.

This is the main trade In general, futures forecasting these bonds to evaluate the price differences and forced the treasures when selling the price differences.

“Bond tracking” The government also provides a list of suspicious vendors for investors who hold signs in money or financial policy that can be inflated by selling it.

“Bond Aksights Rebooted” virtNoting that the last market movements are a sign that Trump Policy is wrong.

To ensure that the positions of the hedging funds, violators, financial discipline and do not want to do trum is to check to ensure that catapulted is catapulted in catapulted.

Monthly treasure data is generally coming with a retard and the latest figures broadcast in March from January. April data will be broadcast Only in June. Given the scale of sales and the lack of figures clearly and immediately, the lack of digits, to isolate the private parties that manage it and to the CNBC.

However, the upside down all the probability is the perception of reducing confidence in US policy.

The “unhappy and variable nature” of the police work, Treasurys’s appeal significantly bends as a reliable shelter.

America Politics Flip-flops When it comes to tariffs He broke confidence in US assets This generally led to a beneficial beneficial US dollar, which is a beneficial beneficiary of investors seeking a reliable shelter assets.

“If the trust trusts trusted by the market is worsened, it can be a catalyst for sale to get the next leg,” said Nutynaha.