Analyst: U.S. Treasury Bonds Sold Off, Indicating Investor Confidence Erosion in Traditional Safe-haven Assets

April 9th: In the most severe market sell-off witnessed in years, safe-haven assets are currently showing no significant movement. With the implementation of tariff parity today, US Treasury bonds witnessed a sharp decline, and the 10-year Treasury yield reached the highest level since February. The price of gold rose during the day but remained on a downward trend for the week. Global stock markets hit a one-year low during this period. The US dollar also weakened. Although some observers have pointed out that German bunds and currencies such as the Japanese yen may become new safe havens, they also face risks in terms of liquidity, their own economic situations, and currency policy prospects. Pilar Gomez-Bravo, the Co-Chief Investment Officer for Global Fixed Income at MFS Investment Management, said: "If you aim to protect your capital and achieve a certain level of return, you don't have a large number of assets to choose from." The sell-off of US Treasury bonds is the most obvious example, indicating that investors have lost confidence in common safe-haven assets. (FXStreet)