The Treasury Mega-Crash: Shocks and Warnings for Financial Markets
On April 9, 2025, the US Treasury bond market ushered in a thrilling "Black Wednesday", the global central banks sold US bonds frantically, the super selling triggered a huge market shock, and the 10-year US bond yield soared more than 20 basis points in a day to 4.5%, the 30-year Treasury bond yield is more than 5%, the largest fluctuation since 1981.
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