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Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading (apnews.com)

submitted 1 year ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.world/post/28103623

The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.

Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy.

The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.

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[-] Lightbender@lemmy.world 15 points 1 year ago

Crazy how fast we lost our standing.

[-] Greyghoster@aussie.zone 14 points 1 year ago

It’s all built on trust and stability which is hard to earn but oh so easy to throw away.

[-] eric5949@lemmy.world 11 points 1 year ago

These stupid fucking people blasted the foundation of our economic empire to smithereens on a fucking gamble trump could stave off dedollarization and now we're going to have another fucking recession and the debt will finally be the fucking problem republicans want it to be.

It's really, really hard to just not be filled with blind rage for the idiots that asked for this.