4 月 9 日，在中国宣布将美国商品关税从 34% 大幅上调至 84% 后，标普 500 指数期货应声下挫。此前美债收益率攀升至 4.46%，华尔街日报美元指数持续走低。德意志银行策略师乔治·萨拉维诺斯（George Saravelos）警告称：美国资产（股票、债券和美元）正在一起崩盘，随着市场对美国资产失去信心，这预示着「去美元化」正在迅速推进。

<div><p>4 月 9 日，在中国宣布将美国商品关税从 34% 大幅上调至 84% 后，标普 500 指数期货应声下挫。此前美债收益率攀升至 4.46%，华尔街日报美元指数持续走低。德意志银行策略师乔治·萨拉维诺斯（George Saravelos）警告称：美国资产（股票、债券和美元）正在一起崩盘，随着市场对美国资产失去信心，这预示着「去美元化」正在迅速推进。</p></div>

德意志银行：市场对美国资产的信心正在迅速丧失

On April 9, after China announced a significant increase in tariffs on U.S. goods from 34% to 84%, S&P 500 index futures immediately plummeted. Previously, U.S. Treasury yields rose to 4.46%, and the Wall Street Journal dollar index continued to decline. Deutsche Bank strategist George Saravelos warned that U.S. assets (stocks, bonds, and the dollar) are collapsing together, and as the market loses confidence in U.S. assets, this signals that "de-dollarization" is rapidly advancing.

<div><p>On April 9, after China announced a significant increase in tariffs on US goods from 34% to 84%, S&P 500 index futures immediately plummeted. Prior to this, US Treasury yields rose to 4.46%, and the Wall Street Journal dollar index continued to decline. Deutsche Bank strategist George Saravelos warned that US assets (stocks, bonds, and the dollar) are collapsing together, and as market confidence in US assets erodes, this signals that "de-dollarization" is rapidly advancing.</p></div>

Deutsche Bank: Market confidence in U.S. assets is rapidly losing

<Odaily> Planet Daily News: Deutsche Bank says that if the volatility that once pushed U.S. long-term borrowing costs above 5% continues, the Federal Reserve will need to stabilize the U.S. Treasury market. On Wednesday, concerns about the safety of U.S. assets escalated due to Trump's tariff war, intensifying the sell-off of U.S. Treasuries, with the 30-year Treasury yield rising to 5.02%, the highest level since November 2023. If this situation continues, the Federal Reserve will need to intervene, according to George Saravelos, the global head of foreign exchange strategy at the bank, who calls it a "circuit breaker" - or emergency quantitative easing. He wrote: "If the recent volatility in the U.S. Treasury market continues, we believe the Federal Reserve has no choice but to emergency purchase U.S. Treasuries to stabilize the bond market." (Jinshi)

Deutsche Bank: The Fed may conduct emergency QE to curb turmoil in the U.S. bond market

Source: <财联社>
Author: <潇湘>

Following our earlier morning article mentioning that the "trillion-dollar U.S. Treasury debt landmine" (basis trade liquidation) has been completely triggered, the U.S. Treasury bond sell-off further intensified during the Asian trading session on Wednesday...

Market data shows that the 30-year U.S. Treasury bond yield has directly surged "above 5", dramatically spiking 25 basis points intraday to 5.010%, reaching its highest level since the end of 2023.

The 10-year U.S. Treasury bond yield, known as the "global asset pricing anchor", rose 21 basis points to 4.503%.

[U.S. Treasury Bond Collapse, Market Peril: United States...

U.S. debt collapses, markets are in danger: Will the U.S. financial system face a "life and death moment"?

On April 8th, according to <4E> monitoring, U.S. stocks plummeted at the opening on Monday. During the session, affected by the "tariff delay" false news, the indices fluctuated widely, with the Nasdaq experiencing a maximum amplitude of nearly 10%. U.S. stocks briefly turned positive collectively, then declined again after the news was debunked. Before closing, Trump stated he was not considering suspending tariff increases and mentioned that multiple countries were coming to negotiate with the United States. By market close, the three major indices showed mixed performance, with the Dow Jones falling 0.91%, S&P 500 dropping 0.23%, and Nasdaq nervously closing up 0.10%, ending a two-day losing streak. The U.S. tech seven giants index rose about 0.2%.

The crypto market rebounded. Bitcoin led the decline in the Asian session yesterday, dropping to a low of $74,508, then rapidly broke through $81,000 due to the "90-day tariff delay" rumor, but fell back after the news was proven false. Before deadline, Bitcoin oscillated above $80,000, rising 2.8% in 24 hours, with most Altcoins experiencing significant rebounds. In the market's intense volatility, ETH performed particularly fragile, falling to $1,411 yesterday, leading in decline and reaching a new one-year low in market cap. In the current rebound, its gains significantly lagged, deepening market doubts about its long-term competitiveness.

In forex and commodities, the dollar index rose 0.29%. Economic recession expectations drove oil to a three-day decline, dropping over 2% and creating a new three-year low. Spot gold fell 1.76%, showing a high-and-low trend, mostly declining throughout the day.

Trump's tariff policy triggered global retaliatory measures, causing financial market turmoil. Investors hope the Federal Reserve will intervene, but current inflation pressure is high. Unless the market or economy faces a severe crisis, the Fed's short-term emergency intervention is unlikely.

<eeee.com>, as a financial trading platform supporting cryptocurrencies, stock indices, bulk gold, forex, and other assets, recently launched a USDT stablecoin financial product with an 8% annual yield, providing potential hedging options for investors. <4E> reminds you to be aware of market volatility risks and allocate assets reasonably.