4 ms·

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. E

The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.

cmrdporcupine 1y ago
You will never convince any of his apologists that this is the case. His first round with Canada back in February, and MAGA insisted "he won" Then came back and tried the same thing again two months later. Same response from the Canadian side. Same slight backing off, reorganizing, but confusion, and nobody seems to actually know which tariffs apply and which do not. It sounds now like 10% for the whole world, but still 25% steel and aluminum and other tariffs on Canada, the US's biggest trading partner and customer? How insane is that? They're "flooding the zone" with confusion and chaos, and making money in the process. Anybody who wants to maintain power and influence and money has to get close to him, avoid criticizing him, and then they get the inside scoop. It's mafia level crap.
somanyphotons 1y ago
Do you have a link or article title for reading about the dropping of tbills
- disgruntledphd2 1y ago
  It was in the FT but they reported it as rumour.
- embeng4096 1y ago
  From CNBC: https://www.cnbc.com/2025/04/09/us-treasury-yields-investors-weigh-new-reciprocal-tariffs-.html 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.,...
- freetanga 1y ago
  The scary part is that it has been scrubbed in many sites https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9282 https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9...
  - jauntywundrkind 1y ago
    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 https://archive.ph/ArGLp
  - WrongAssumption 1y ago
    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-10-year-auction-as-buyers-prepare-to-balk-8071987e https://www.marketwatch.com/story/all-eyes-turn-to-treasurys...
    - freetanga 1y ago
      30 years ts are at near 20 year max? So incredibly strong is “it did not blow up?”?
  - Tepix 1y ago
    https://archive.is/EPZnP https://archive.is/EPZnP
- freetanga 1y ago
  And after a few hours this seems to be confirmed https://www.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25#cm9ag0lgg00053b6u88ofrxls 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
disgruntledphd2 1y ago
Trump didn't back down until after the 30 year auction went well, which doesn't support your hypothesis.

cmrdporcupine 1y ago

You will never convince any of his apologists that this is the case. His first round with Canada back in February, and MAGA insisted "he won" Then came back and tried the same thing again two months later. Same response from the Canadian side. Same slight backing off, reorganizing, but confusion, and nobody seems to actually know which tariffs apply and which do not. It sounds now like 10% for the whole world, but still 25% steel and aluminum and other tariffs on Canada, the US's biggest trading partner and customer? How insane is that? They're "flooding the zone" with confusion and chaos, and making money in the process. Anybody who wants to maintain power and influence and money has to get close to him, avoid criticizing him, and then they get the inside scoop. It's mafia level crap.

somanyphotons 1y ago

Do you have a link or article title for reading about the dropping of tbills

disgruntledphd2 1y ago
It was in the FT but they reported it as rumour.
embeng4096 1y ago
From CNBC: https://www.cnbc.com/2025/04/09/us-treasury-yields-investors-weigh-new-reciprocal-tariffs-.html 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.,...
freetanga 1y ago
The scary part is that it has been scrubbed in many sites https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9282 https://www.ft.com/content/0005e091-930d-46ff-9e81-8591704a9...
- jauntywundrkind 1y ago
  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 https://archive.ph/ArGLp
- WrongAssumption 1y ago
  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-10-year-auction-as-buyers-prepare-to-balk-8071987e https://www.marketwatch.com/story/all-eyes-turn-to-treasurys...
  - freetanga 1y ago
    30 years ts are at near 20 year max? So incredibly strong is “it did not blow up?”?
- Tepix 1y ago
  https://archive.is/EPZnP https://archive.is/EPZnP
freetanga 1y ago
And after a few hours this seems to be confirmed https://www.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25#cm9ag0lgg00053b6u88ofrxls 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

disgruntledphd2 1y ago

Trump didn't back down until after the 30 year auction went well, which doesn't support your hypothesis.