..maybe EU is selling down their US Treasuries to swap into Euros.
..probably delivering what Trump wants- a lower dollar. But he should be careful what he wish for - who wants to subscribe your coming maturity of US Treasuries later this year with a falling dollar and mistrusted administration?
Plot twist: EU response to "We'll force EU to term out US debt to pay for US defense umbrella" might be "F*ck you, we'll sell US bonds to buy our own weapons." Debatable how that'll work out for EU, but it can't work out any worse for them than owning 50y confetti paper. https://x.com/LukeGromen/status/1907452476057415897
