特朗普骑虎难下，美债被大量抛售，真正痛苦到来，中方送美一句话

Group 1 - The core point of the article highlights the significant reduction of U.S. Treasury holdings by China and other foreign investors, indicating a broader trend of declining confidence in U.S. debt instruments [1][10] - In April, China reduced its U.S. Treasury holdings by $8.2 billion, bringing its total to $757.2 billion, while foreign holdings overall decreased by $36.1 billion [1] - The total U.S. debt has surpassed $36 trillion, with a rapid increase of $1 trillion in less than six months, raising concerns about fiscal sustainability [3] Group 2 - The U.S. Treasury market is experiencing a supply-demand imbalance, with foreign official holdings dropping from 45% in 2014 to 28% in 2023, indicating a shift in investment strategies [8] - The Federal Reserve's balance sheet has ballooned due to quantitative easing, complicating the reduction of Treasury holdings, as the Fed has reduced its monthly Treasury purchases from $60 billion to $25 billion [8] - Recent legislative proposals, such as the "Big and Beautiful Tax Cut Act," may exacerbate the debt situation, potentially increasing U.S. debt by over $2 trillion [8] Group 3 - The article discusses the internal conflicts within the U.S. government regarding debt management, with former President Trump proposing to raise the debt ceiling by $5 trillion, facing resistance from the Federal Reserve [3][5] - International investors, including Australian funds, are reducing their exposure to U.S. Treasuries due to perceived risks and low yields, reallocating funds to higher-quality credit assets [5] - The article emphasizes that the global community is concerned about U.S. policy uncertainties, which could lead to a potential debt crisis if not addressed constructively [10]