It's a strange non-story. The non-lede is buried a few paragraphs down, so to save you time:
> Yields are still generally lower than when Mr. Trump was inaugurated, but a sustained sell-off of Treasuries would erase the key difference between the global market response to Mr. Trump’s tariffs and Ms. Truss’s tax cuts.
"US Bonds Skyrocket: 'Market Meltdown'" - https://www.newsweek.com/bond-skyrocket-market-2057266
"US Treasuries were hit hard, with the 10-year yield, a global benchmark for borrowing costs, jumping to 4.51 per cent" - https://www.ft.com/content/f3e0ee58-47a0-41c4-b021-ed19d27da...
> “This is a fire sale of Treasuries,” said Calvin Yeoh, portfolio manager at hedge fund Blue Edge Advisors Pte. who is selling 20 to 30-year Treasuries futures. “I haven’t seen moves or volatility of this size since the chaos of the pandemic.”
https://finance.yahoo.com/news/treasuries-fire-sale-sends-lo...