不只美债遭抛售！2只“黑天鹅”飞出，全球债市面临一场大风暴？

Group 1 - The core issue is the recent sharp decline in U.S. Treasury prices, raising global concerns about the U.S. fiscal situation and triggering a sell-off in the global bond market [3][5] - The proposed tax reform by Trump is expected to increase U.S. debt by $3 trillion to $5 trillion, exacerbating fears and contributing to the volatility in the bond market [3][5] - Moody's downgrade of the U.S. credit rating has intensified investor anxiety, leading to a rapid sell-off of U.S. bonds [3][5] Group 2 - The 30-year U.S. Treasury yield has surpassed 5% for two consecutive days, marking a new high since November 2023, indicating a significant shift in investor sentiment [5][6] - Investors are not only selling U.S. Treasuries but are also withdrawing from major bond markets, with Japanese and German bond yields rising sharply [8] - Concerns over global inflation are impacting long-term bonds, as investors reassess their strategies in light of changing economic expectations [9][11] Group 3 - The current turmoil in the bond market suggests a major shift in the global financial landscape, with the previous confidence in U.S. Treasuries diminishing [11] - This situation presents both potential investment opportunities and increased risks for ordinary investors, prompting a reevaluation of investment strategies [11]