...US Treasuries, supposedly a safe haven where Buffett is hiding, is facing a liquidity crunch, people wanting to sell are not getting many buyers or buyers at prices sellers expect to sell at.
...This is karma coming for US, and China is not responding to tit-for-tat tariffs, it is engaging in a divorce from the US- dumping US Treasuries ($30B reported before today) which has the effect of pushing US long term yields higher, and other divorce measures including possibly banning American films into China
...if Powell does not come to the rescue soon, this could get really ugly. But he won't until after the fact.
...All my posts and efforts are intended for you to be safe. But you decide.
Now stuff is getting interesting and scarily so; wicked spike in long dated bond yields portends an unwind of a massive trade, possibly a hedge fund losing money and imploding or a major foreigner creditor dumping treasuries in retaliation to Trumps trade war, none of which are good. I’m sure @SecScottBessent’s phone is ringing off the hook right about now. Buckle up for the open
