[dummydummy1234]

Was that a actual selloff, or an unwinding of the basis trade leading to a selloff?

[HarHarVeryFunny]

I don't know - I'd initially seen it discussed without mention of that, but now I see there's talk of two different basis trades ...

https://www.morningstar.com/news/marketwatch/20250412232/how...

The US would certainly be in trouble if the perception of instability reduces the appetite for US debt, or if holders choose to weaponize it.