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.

“The fear is the U.S. is losing its standing as the safe haven,” said George Cipolloni, a fund manager at Penn Mutual Asset Management. “Our bond market is the biggest and most stable in the world, but when you add instability, bad things can happen.”

That could be bad news for consumers in need of a loan — and for President Donald Trump, who had hoped his tariff pause earlier this week would restore confidence in the markets.

  • whoisearth@lemmy.ca
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    18 hours ago

    Which makes sense to all of us who see Trump as a Russian asset who’s goal is not to cripple America but to destroy it. This is the end game and why Americans need to really ramp up their protests. This is the literal death of America we are witnessing as killed by Russia (and probably China too)

    • lemmingthelemmers@lemmy.world
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      9 hours ago

      His whole cabinet is full of Israeli loyalists and you are all still out here talking about Russia. Dude open your eyes.

    • michel@lemmy.ml
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      16 hours ago

      And remember he doesn’t have to be an official asset, merely being someone useful to them effectively does the same thing - with deniability for the Russians

    • conditional_soup@lemm.ee
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      9 hours ago

      Nah, dude, there’s a 0% chance that we return to normal after this. We don’t have the political will to build high speed rail over twenty years, there’s no way we’re going to spend the forty years required to unfuck all the damage Trump’s done in three months. America is already cooked, stock a fork in it. It’s time start looking for the next thing and planning to do better next time. Get involved in local government.