alt Hacker NewsA brief search suggests this is around 1/4000th of the total US treasury market, so if this has any significance at all, it's symbolic.
Replies
>> A brief search suggests this is around 1/4000th of the total US treasury market, so if this has any significance at all, it's symbolic.
If someone thinks the value of those bonds is going to drop, then selling would have great significance for the seller.
But it might also signify (as in: be a symbol) that European funds are less willing to buy future US bonds, which has a more dramatic impact.
No one wants to be left holding the bag
It seems like if they are trying to put pressure on the US government it might be easier to dump Tesla stock. Maybe the billionaires and MAGA would buy to keep it propped up but if it turned into a selling frenzy musk could be in trouble.
"There have been spontaneous demonstrations amongst the workers voicing their joy and gratitude at our happy new way of life." - Orwell, more or less.
Not really - it is going to show the world what alternatives people are pursuing as a strategy. Where they put their money will cause others to do the same. And the more people do it, the safer those new assets become. That will cause even more people to make the move.
Note that China has been selling US treasuries for months now (https://www.barrons.com/articles/china-sells-treasuries-9-st...) and there are signs that India has been quietly selling large amounts too. So it feels like the start of something much bigger, a total decoupling from the US due to its unstable politics, foreign policy, and quickly accumulating debt (Trump has added $5 trillion already and may add much more).
1/4000th in this context seems huge to be honest.