Who sold U.S. Treasurys? Speculation turns to hedge funds

Investors seen unwinding bets gone wrong after tariff announcement

20250418N trump points AP

"Reciprocal" tariffs announced in April by President Donald Trump have sparked turmoil in the market for U.S. Treasurys. © AP

SETSUO OTSUKA

TOKYO -- The question of who was behind the U.S. Treasurys sell-off after President Donald Trump's announcement of "reciprocal tariffs" on April 2 continues to animate market players, with hedge funds making bets in the bond market emerging as potential "suspects."

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