ChainCatcher news, according to Jinshi reports, Politico White House reporter Megan Messerly stated that U.S. Treasury Secretary Mnuchin privately warned that replacing Federal Reserve Chairman Powell could lead to market instability.It is reported that Trump is also aware of this, so despite his renewed dissatisfaction with Powell, according to Messerly, Powell's position currently seems secure. Powell has consistently stated that he will not resign, and others have said that Trump does not have the power to dismiss him.

ChainCatcher news, according to Jinshi reports, there are market rumors that European financial regulators are questioning the safe-haven status of U.S. Treasury bonds.

ChainCatcher news, Federal Reserve Chairman Powell stated that there is currently no modern experience to deal with such high tariffs. The market is digesting the current situation regarding the decline in the stock market and U.S. Treasury yields, and it is expected that market volatility will continue. (Jin Ten)

ChainCatcher News, CBS reported, citing multiple informed sources, that while the White House has been trying to assert that Trump administration officials are unified in their stance on U.S. tariff policy, internal divisions regarding the policy had already emerged weeks before Trump signed the so-called "reciprocal tariff" executive order on April 2. Senior advisors to Trump had privately warned that some tariff proposals could have devastating effects on global financial markets and plunge the U.S. economy into a downward spiral.CBS stated that U.S. Treasury Secretary Scott Basset and Trump's senior trade and manufacturing advisor Peter Navarro had a heated argument in the office of White House Chief of Staff Susan Wiles in late March. According to several informed sources, Navarro advocated for a comprehensive 25% tariff on $3 trillion worth of imported goods, while Basset, a former Wall Street investor, warned that such a move would trigger market turmoil and outlined various risk scenarios. The report indicated that intense rhetoric was continuously emerging.

ChainCatcher news, JPMorgan CEO Dimon stated that the "deleveraging" process of U.S. Treasury bonds may have passed to some extent. "Decoupling from China should not be the goal."

ChainCatcher News, U.S. Treasury Secretary Basant stated in an exclusive interview with Bloomberg that the current tariff levels on China are unsustainable and that a "significant agreement" will be reached in the future. He also mentioned that negotiations with some allied countries regarding U.S. reciprocal tariffs are progressing rapidly and hinted that other countries should engage in trade negotiations with the U.S. as soon as possible.In the interview, Basant responded to the current U.S. tariffs on China by stating that the current tariff figures are very high and cannot be dismissed lightly, "I think no one believes they are sustainable, and no one wants them to remain in place indefinitely." He stated, "There's a big deal to be done at some point."

ChainCatcher news, former U.S. Treasury Secretary Yellen stated on Monday that the rationale for Trump's tariff policy is "unclear and not wise at all."Yellen noted that the recent turmoil in the bond market and the weakness of the dollar reflect a "loss of confidence," although things have not yet reached a point where the Federal Reserve needs to intervene. She stated, "The measures to cancel and reduce tariffs are positive, but we are in a world full of great uncertainty." She expressed confusion over some of the targets of the tariff measures. Yellen said, "If there are real concerns about financial stability, I believe the Federal Reserve would consider using liquidity tools as it did at the beginning of the pandemic." "But we are not at that point yet."

ChainCatcher News: U.S. Treasury Secretary Basant stated that they are considering successors to Federal Reserve Chairman Powell and will begin interviewing candidates in the fall.

ChainCatcher news, JPMorgan Asset Management stated that there are signs of strong foreign demand, and the market expects the Federal Reserve to support U.S. government debt when necessary, suggesting that U.S. Treasury bonds may have bottomed out.The company's global fixed income chief, Bob Michele, said, "I feel good; we have invested here at low prices and high yields." "In our conversations with overseas investors, they are not scared off by U.S. Treasuries." Previously, U.S. Treasuries experienced their largest drop since 2001, due to Trump's tariffs and unpredictable policymaking undermining demand for long-term safe-haven assets. Michele cited Federal Reserve data showing that foreign central banks and reserve management institutions have recently increased their holdings of U.S. Treasuries. He also noted that Federal Reserve's Collins recently commented that if things become chaotic, the Fed is "absolutely ready" to help stabilize financial markets.

ChainCatcher news, according to CoinDesk, JPMorgan CEO Jamie Dimon stated that he is preparing to deal with the turmoil in the nearly $30 trillion U.S. Treasury market, while the Federal Reserve will only take action when they start to feel a bit panicked. The U.S. Treasury market plays a central role in global finance, setting the tone for all market factors, from mortgage rates to corporate bond yields.Jamie Dimon warned that if the financial system were to become paralyzed again, the consequences could ripple through the entire economy. Turmoil in the U.S. Treasury market leading to Federal Reserve intervention may prompt some investors to turn to Bitcoin (BTC), which is often seen as a hedge against currency instability—similar to the situation in 2020 when the Federal Reserve took aggressive stimulus measures, causing Bitcoin prices to soar.

ChainCatcher News, former U.S. Treasury Secretary Lawrence Summers stated on a television program: "The current tariff levels are more than ten times higher than when the U.S. initiated the trade war in 2018. I believe that any statements about 'increased tariffs having other (positive) effects' are fundamentally fraudulent, aside from making prices higher. The U.S. government's reckless tariff policies are very dangerous. This is the worst economic policy in the U.S. since World War II, the most severe act of self-harm."

ChainCatcher message, analysts indicate that the bearish flattening pressure on U.S. Treasuries remains due to the market lowering expectations for a Federal Reserve rate cut. Eugene Leow, an analyst at DBS Group, commented that as the two-year U.S. Treasury yield recently surged, people have reduced their bets on a Federal Reserve rate cut. This veteran interest rate strategist stated, "Meanwhile, as market dysfunction has eased somewhat, the rapid sell-off of long-term U.S. Treasuries has also cooled." Bearish flattening typically refers to a situation where, due to expectations of tighter monetary policy, short-term yields rise faster than long-term yields.

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated: "Although there is some uncertainty, businesses tell me that the economy is very solid. If other countries do not take retaliatory measures, the tariff level will be the ceiling. Many countries want to come to Washington for negotiations, and there are currently 70 negotiation arrangements in the pipeline. Ultimately, we may reach an agreement with our allies."

ChainCatcher news, according to Jinshi reports, U.S. Treasury Secretary Basent stated that the tariff level will be the ceiling if other countries do not take retaliatory measures.

ChainCatcher news, according to Walter Bloomberg, U.S. Treasury Secretary Basant stated that Wall Street's wealth has been growing for forty years, "in the next four years, it's the turn of the ordinary people to become wealthy."

ChainCatcher news, Deutsche Bank stated that if the turmoil that pushed the cost of long-term borrowing in the U.S. above 5% continues, the Federal Reserve will need to step in to stabilize the U.S. Treasury market.On Wednesday, concerns over the safety of U.S. assets escalated due to Trump's trade war, exacerbating 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 persists, the Federal Reserve will need to intervene, which the bank's global head of foreign exchange strategy, George Saravelos, referred to as a "circuit breaker"—that is, emergency quantitative easing. He wrote, "If the recent turmoil in the U.S. Treasury market continues, we believe the Federal Reserve will have no choice but to urgently purchase U.S. Treasuries to stabilize the bond market."

ChainCatcher news, according to Jinshi reports, former U.S. Treasury Secretary Summers wrote on social media: "The developments in the past 24 hours suggest that we may be heading towards a severe financial crisis entirely triggered by U.S. government tariff policies.Given the government debt and deficits, as well as reliance on foreign buyers, this could trigger various vicious cycles. The only way to mitigate these risks is for President Trump to abandon the current course. This is the first round of financial turmoil triggered by the U.S. government."

ChainCatcher news, BitMEX co-founder Arthur Hayes posted on social media, "If the U.S. Treasury decides to cancel the upcoming 10-year and 30-year Treasury auctions, it is a covert form of money printing, as it would instead consume the TGA (Treasury General Account). This is a simple intermediate step to calm the chaos before 'coward' Powell fulfills his duties."In Hayes' tweet, he shared a summary of a Bloomberg article titled "Treasury 'Fire Sale' Leads to Surge in Global Long-Term Yields," noting that the yield on 30-year U.S. Treasuries recently surpassed 5%, marking the largest sell-off since 2020, with yields rising about 40 basis points over the past three trading days, and global bond yields also increasing.At the same time, Hayes' tweet carried a sarcastic tone, criticizing Federal Reserve Chairman Powell for potentially adopting loose policies under pressure.

ChainCatcher news, according to Jinshi reports, the U.S. Treasury yield curve continues to steepen, with the 30-year yield rising by 10 basis points.