According to ChainCatcher, BitMEX co-founder Arthur Hayes posted on a social platform, "If the U.S. Treasury decides to cancel the upcoming 10-year and 30-year bond auctions, this is a covert money-printing action, as he will turn to consume the TGA (Treasury General Account). This is a simple intermediate step to quell chaos before 'coward' Powell fulfills his duties."
Arthur Hayes retweeted a summary of a Bloomberg article, "Treasury 'Massive Sell-off' Leads to Global Long-term Yield Surge," with the 30-year U.S. Treasury yield recently breaking through 5%, creating the largest sell-off since 2020, with yields rising by about 40 basis points over the past three trading days, and global bond yields rising accordingly.
At the same time, Hayes's tweet carried a sarcastic tone, criticizing Federal Reserve Chairman Powell for potentially adopting a loose policy under pressure.
