From CNBC: https://www.cnbc.com/2025/04/09/us-treasury-yields-investors...

> "Perhaps even more alarmingly, U.S. Treasury markets are also experiencing an incredibly aggressive selloff..."

> The largest holders of Treasurys are Japan, China and the U.K.,...

The scary part is that it has been scrubbed in many sites

https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9...

Incredible write up. I don't understand a lot of it, but:

> "Hedge funds have trillions tied up in this kind of strategy,” he said. "As things spiral, they’re being forced to sell anything they can — even good assets — just to stay afloat . . . if the Federal Reserve doesn't step in soon, this could turn into a full-blown crisis. It’s that serious."

> One hedge fund manager said: "Those huge hedge funds with trillions of dollars of Treasuries relative value trades will blow up today if the Fed doesn’t bail them out."

https://archive.ph/ArGLp

Because the t-bill auction came in incredibly strong. Their conclusion analysis wuickly looked foolish and their embarrassed.

https://www.marketwatch.com/story/all-eyes-turn-to-treasurys...

30 years ts are at near 20 year max? So incredibly strong is “it did not blow up?”?

And after a few hours this seems to be confirmed

https://www.cnn.com/politics/live-news/trump-tariffs-cnn-tow...

I have a moderate understanding of finances, but for me this was the Siamese cats from the aristocats playing around the nuclear football

It was in the FT but they reported it as rumour.