this post was submitted on 09 Apr 2025
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[–] Skiluros@sh.itjust.works 86 points 2 weeks ago (21 children)

The moves offer a new challenge to the Trump administration, which had previously cited lowering Treasury yields as a key policy aim, and could mark a loss of investor confidence in the world’s largest sovereign debt market.

“The sell-off may be signalling a regime shift whereby US Treasuries are no longer the global fixed-income safe haven,” said Ben Wiltshire, a rates strategist at Citi.

This is potentially a seismic shift in global finance/economics.

If US treasuries are no longer considered the "investment of last resort" (which they shouldn't be, since even sane Americans lack the commitment and risk tolerance to fight corruption and degeneracy in their own country), this may result in the dollar losing its status as the global reserve currency.

If that happens, the Americans will be fucked.

[–] cronenthal@discuss.tchncs.de 54 points 2 weeks ago (2 children)

I have "US defaulting on its debt" on my Trump presidency bingo card. No one knows what happens if it comes to that.

I also have "US testing a nuclear warhead" on there, for what it's worth.

[–] cyrano@lemmy.dbzer0.com 31 points 2 weeks ago (1 children)

Trump on treasury

We’re even looking at Treasury. There could be a problem—you’ve been reading about that, with Treasuries, and that could be an interesting problem because it could be that a lot of those things don’t count. In other words, that some of that stuff that we’re finding is very fraudulent, therefore maybe we have less debt than we thought of. Think of that!

source: https://www.ft.com/content/7757e480-6aae-4a61-986e-52a2c2690f91

don't count = default

[–] InFerNo@lemmy.ml 3 points 2 weeks ago

Maybe they could have more debt than they thought. Think of that!

A thorough inspection could tip the balance either way.

Where's doge when you need em? 😄

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