Sharp US bond sell-off reminiscent of Covid-era ‘dash-for-cash’

Many in the markets remain worried the vulnerabilities that emerged in previous incidents could still reappear in the case of spikes in volatility. — Reuters

A violent US Treasury sell-off, evoking the Covid-era “dash for cash,” has reignited fears of fragility in the world’s biggest bond market.

The US$29-trillion Treasury market had surged in recent weeks as investors dumped stocks for the safety of government bonds in a tariff-fuelled risk-off shift.