磚家說；債市奇奇怪怪

https://www.cnn.com/2025/04/11/business/bond-market-trump-treasury-yield-rates/index.html

Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market.

Earlier this week, as stock markets around the world declined, US Treasuries also sold off. Stocks and bonds declining in tandem raised red flags.

Typically, when investors sell off?stocks in times of crisis, they pile into US Treasuries, seeking the safety of an asset backed by the full faith and credit of the US government.

Yet as stocks declined, investors abruptly sold off US Treasuries, raising questions about how much they value the promises made by the US government to pay its debts amid concerns about how tariffs will impact economic growth.

The sell-off in bonds was so unsettling that it spooked the White House.

“People were getting a little queasy,” Trump said Wednesday as he told reporters he was watching the bond market.

“The bond market is very tricky,” he said.

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