Guessing this had quite a bit to do with today’s reversal. And it shows that if China wanted to mess with Treasuries they could do it without liquidating their large portfolio.
Ok, now can you call Powell and tell him rates are rising not because of stagflation fears but because the basis trade which Powell through his inaction allowed to grow to $2 trillion, is blowing up, and the more he refuses to ease, the bigger the devastation will be.