Yesterday was really a feint, this week PCE is good, non farm profits are good, but the yield of long-term US Treasury bonds cannot be lowered! Last night, the cryptocurrency and US stock markets experienced a rapid decline after a surge in non farm payroll data. This is not because data stimulation is useless, but because the market is not buying into it! Because the market has already exposed the false lies, if it weren't for the upcoming 30 day midterm elections, there's a high probability that they wouldn't even bother to act! Not long ago, I posted a picture showing that hedge funds have been buying a large amount of US bonds in recent months. However, it should be noted that these are short-term US bonds, which are equivalent to short-term financial management. It has nothing to do with the 10-year and 30-year US Treasury bonds issued by the United States, and no one in the market intends to take over the long end US bonds. Goldman Sachs recently released a research report stating that "for long-term US bonds ranging from 10 to 30 years, there is not even a single bidder on the market. Buyers are simply clearing out This is not just a small fuss. Finance Minister Besant went to the Congress to publicly admit: "We are now in a period of insufficient liquidity." In order to save the market, he desperately repurchased long-term treasury bond, even directly withdrew money from the TGA account to prop up. In public, he almost didn't put on the face of "I am the dealer, I come to protect the market". But reality is cruel, the market doesn't give face at all: The yield has soared all the way: the 10-year term has surged to around 5.3%, and the 30-year term has hit a new multi-year high. The higher the yield, the less people want treasury bond, and they can only rely on increasing interest rates. The largest creditor is also retreating. Japan, as the largest overseas "financier" of US debt, not only does not help to advance money, but instead takes the opportunity to sell crazily and exchange US dollars for yen to carry go home. The Bank of Japan has been secretly preparing a big move, and it even apologized to Western markets in advance. As a result, Bessen became extremely anxious and directly intervened in the high-level decision-making of the Bank of Japan across borders, causing a sharp scolding from the Japanese side. Now the most hanging cliff is in front of us. No one can rely on short-term debt to support long-term debt. If even short-term treasury bond is dead, the entire U.S. treasury bond market, even the global financial chain, will collapse in an instant. This is not simply a problem of the United States owing money, it is a global liquidity tsunami that can sweep across everyone at any time. This article is sponsored by @ binancezh, titled 'Binance Buying US Stocks: Global Assets, Zero Second Time Difference, One Click Delivery'!