Arthur Hayes, co-founder of BitMEX, criticized the Federal Reserve (Fed) through a post on the X platform on April 9. According to Hayes, if the US Treasury decides to cancel the upcoming 10-year and 30-year Treasury bond auctions, this would be an indirect money printing action using the Treasury General Account (TGA). He argued that this is just an intermediate step to calm the chaos before the "cowardly" Powell performs his duty.
Hayes' comment was sarcastic, as he criticized Fed Chairman Powell's potential implementation of a loosening policy under pressure. In the content he shared from Bloomberg, the headline clearly stated that "Treasury bond liquidation" caused global long-term yields to rise sharply.
The US 30-year Treasury bond yield recently exceeded 5%, recording the largest sell-off since 2020. Yields increased by about 40 basis points in the last three trading days. During the same period, global bond yields also rose, reflecting the unstable sentiment in the international financial market.
