U.S. debt blood collapse! Yield soared to a new high in nearly 3 years, and the United States was desperate to "fall three times in stock and bond exchange"

The escalation of Trump's trade war triggered financial turmoil, US bonds were sold wildly by safe-haven funds, and the 10-year yield soared to 4.3%. The stock market and the dollar fell together, the three assets fell synchronously, and the market entered a new era of risk aversion failure. (Synopsis: Trump sacrifices 104% tariffs on China!) Bitcoin killed 75,000, the Dow Jones opened 1400 points higher and fell down, and the S&P lost the 5000 mark) (Background added: Who pushed tariffs behind Trump: Navarro, economist "Cape in the middle" As Trump imposed reciprocal tariffs on more than 180 countries, China also fought back, announcing a 34% retaliatory tariff on U.S. goods from the 10th. Trump immediately responded strongly, announcing an additional 50% tariff on Chinese goods from the 9th, causing the total tax rate to soar to 104%, and the global market was instantly in turmoil. This upgraded version of the trade war detonated not only trade frictions, but also set off a domino effect in the financial market, U.S. bonds plummeted, yields soared, U.S. stocks and the dollar fell together, the three major assets "wailed in unison", and a wave of capital withdrawal is rapidly staged. U.S. bond selling pressure is out of control, yields soar nearly 30 basis points in two days The U.S. government bond market has been sold off for two consecutive days, and hedge funds and asset management institutions have frantically cleared their positions. The yield on 10-year Treasury bonds soared continuously, jumping 11 basis points to 4.3% on Tuesday, a two-day surge of nearly 30 basis points, an extremely rare sharp fluctuation in recent years. Monday even posted its biggest one-day gain since September 2022 (+19 basis points), while the 30-year was up 21 basis points, comparable to the market stampede during the pandemic in March 2020. U.S. Treasury yields on various days Bids are lackluster, funds "flee safe-haven assets" The U.S. Treasury Department auctioned 3-year Treasuries on Tuesday, demand hit its lowest level since 2023, and underwriters were forced to swallow 20.7% of the remaining bonds, showing a near collapse in market confidence. An unnamed hedge fund manager said bluntly: "No one in the market wants to touch US bonds now, everyone just wants to leave the market quickly." Ed Al-Hussainy, senior interest rate strategist at Columbia Threadneed, believes that investors are gradually turning to cash or cash-equivalent assets in the face of the current market turmoil. He pointed out that the most intuitive reason for the rise in yields is that many investors choose to sell their still liquid assets and temporarily exit the market. Since selling stocks can lead to losses, U.S. bonds become their fastest option to cash out. U.S. bonds, once regarded as a "safe haven", have now become a source of liquidity for everyone to sell off. Basis trading thunderbolt? In addition, one of the driving forces behind this wave of government debt avalanche was the forced liquidation of highly leveraged "basis trade" positions. This strategy bets on the difference between spot and futures prices, which is a favorite tool for hedge funds, with leverage multiples often reaching 50~100 times, and the current market size is estimated to reach $1 trillion. James Athey, portfolio manager at Marlborough Investment Management, warned that while there were no signs of a full-blown liquidation, it reminded him of the coronavirus pandemic, when a massive liquidation of safe-haven funds led to a collapse in the bond market. Spreads widen to near three-year highs The U.S. Treasury yield curve has rapidly steepened, with the 2-year and 10-year spreads widening to 48 basis points at one point, the highest since May 2022, reflecting rising concerns about long-term bond risks and supply pressures, and likely a precursor to a recession. Safe-haven funds further shifted to safe-haven currencies such as the yen and Swiss franc, with the US dollar index (DXY) falling by 0.3%, and the phenomenon of "abandoning debt for cash" significantly worsened overall liquidity, suppressing the attractiveness of traditional safe-haven assets such as gold. U.S. stocks plunged across the board U.S. stocks fell simultaneously on the 8th, with the Dow, S&P, Nasdaq and Fee Half indices all closing black, led by technology and semiconductors: The S&P 500 fell 79.48 points, or 1.6%, to close at 4,982.77 The Dow Jones Industrial Average fell 320.01 points, or 0.8%, to close at 37,645.59 The Nasdaq Composite Index tumbled 335.35 points, or 2.2%, to close at 15,267.91 The Philadelphia Semiconductor Index plunged 132 points, Fell 3.57% to close at 3,562.94 points Analysts pointed out that if the stock market continues to be volatile, leveraged investors may be forced to further sell bonds and gold in response to margin calls, forming a vicious circle. When the "safest asset" U.S. bonds have been sold off, the market has clearly been completely derailed from traditional logic. U.S. bonds, the dollar and U.S. stocks fell in tandem, indicating that capital markets may be entering an extreme environment where liquidity shortages and risk aversion failures coexist. The trade war ignited by Trump is rapidly turning into a comprehensive retreat of financial markets, testing investors' bottom line on risk management and asset allocation. Related Stories Commentary" How to understand Trump's madness? It's just to vote Trump "simply miscalculated" reciprocal tariffs! AEI scholars exploded: tax rate irrigation 4 times, key parameters did not understand Foreign media exposed that Musk "privately lobbied Trump" to withdraw tariffs but failed, on the White House trade adviser: brain problems 〈U.S. debt blood collapse! Yield soared to a new high in nearly 3 years, and the United States was desperate "stocks and bonds fell three times together" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".