A historic week has passed, with both the US stock market and Bitcoin rising in the end, but the market has completely changed!

The volatility of US stocks has rarely exceeded that of Emerging Markets and Bitcoin, while US Treasuries, which have always been regarded as safe Assets, have experienced severe fluctuations, prompting investors to begin questioning the wisdom of holding USA Assets. UBS Group believes that once the Global risk-free interest rates fluctuate, it means that all markets will be disrupted. Analyst Ed Al-Hussainy pointedly stated, "I'm not really worried about a recession; I'm worried about a financial crisis."

wallstreetcnApr 12 14:34

Fewer and fewer buyers, this week's liquidity of U.S. Treasuries has "significantly deteriorated."

The large-scale selling of U.S. Treasuries shows that confidence in Dollar Assets is collapsing, and the volatility Indicators for U.S. Treasuries have risen to the highest level since October 2023. JPMorgan stated that market depth (an Indicator that measures the market's ability to absorb large transactions without major price changes) has significantly deteriorated this week, meaning that even small trades could have a significant impact on yields.

wallstreetcnApr 12 12:15

Treasury Yield Rise Linked to Hedging, Other Factors -- Market Talk

WSJApr 11 21:37

Global risk-averse capital migration: German bonds rise against the trend to become the new favorite, while US bonds face their worst sell-off in decades.

Investors are flocking to German government bonds as a safe-haven Asset, resulting in German bond yields remaining largely unchanged, while the 10-year U.S. Treasury yield skyrocketed by more than 40 basis points.

Zhitong FinanceApr 11 19:25

US bond yields and the dollar trend diverge, with the 'throwing away dollars' sentiment erupting prominently!

U.S. Treasury yields soar, the dollar plummets, a rare divergence may signal a Global economic and market crisis!

Golden10 DataApr 11 13:53

The faith in US Treasury bonds, which even 911 couldn't shatter, was surprisingly broken by Trump!

The "risk-free" label of US Treasury bonds has been torn off, Gold blooms alone, and the new high of 3220 in Gold prices illuminates Global panic.

Golden10 DataApr 11 12:25