The myth of U.S. Treasury bonds as a safe haven collapses. Who is selling off the "world's safest asset"?

U.S. Treasury bonds have recently fallen in sync with U.S. stocks, raising investor doubts about their safe-haven role. U.S. Treasuries have experienced the most severe sell-off since the pandemic, with the yield on the 10-year Treasury bond rising consecutively, reaching a high of 4.51%. Analysts believe that the deteriorating outlook for the U.S. economy and hedge fund trading errors are the main reasons. Investors are broadly avoiding U.S. assets, with cash becoming a safe haven, and the size of money market funds reaching a record high. Concerns about the pressure on dollar financing are intensifying, and fiscal pressures are also rising