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138

Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading (apnews.com)

submitted 1 day ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.world/post/28103623

The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.

Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy.

The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.

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[–] eric5949@lemmy.world 10 points 1 day ago

These stupid fucking people blasted the foundation of our economic empire to smithereens on a fucking gamble trump could stave off dedollarization and now we're going to have another fucking recession and the debt will finally be the fucking problem republicans want it to be.

It's really, really hard to just not be filled with blind rage for the idiots that asked for this.