【Macroeconomic Weekly┃4 Alpha】Is capital fleeing the United States? What signals does the bond sell-off give?
The U.S. market faces a triple whammy in stocks, bonds, and currencies, with U.S. Treasury yields soaring to 4.47%, the dollar index falling below 100, and gold surpassing $3,200. Stagflation risks are emerging, liquidity crises and the spiral of U.S. Treasury sell-offs are intensifying, coupled with nearly $9 trillion in maturing debt pressure by 2025. The market is shifting towards defensive logic, leading to a divergence in safe-haven assets.