Subject: OT: might get "interesting" today
Trump's China tariffs have gone into effect. China has imposed additional 50% on U.S. imports

From the April 9 2025 Financial Times (I have a trial subscription, but one can 'share' something like 10 articles/month if have a full sub)

https://www.ft.com/content/000...

Headline "US Treasuries sell-off deepens as `safe haven' status challenged"

Gist of the article:
US treasuries are getting challenged as the global fixed-income safe haven. Furthermore, hedge funds apparently have trillions of dollars invested in certain highly leveraged treasury-based trades. Sources in the article suggest that Fed intervention will be needed to bail them out, like today, to prevent a full crisis.
(Perhaps the hedge funds are promoting this narrative, but some neutral sources were quoted that expressed significant concern).

Hedge funds with highly leveraged positions worth trillions or dollars may be threatening the stability of the financial system?
Who would have guessed?
Also, who would have guessed that "the law of unintended consequences" would manifest if you start screwing around with a complicated system?