债市突然出问题是因为几乎所有的机构都在出售或者抛美债。

政府，fed，华尔街，日本，天朝，对冲基金，you name it。债务雪球越滚越大，要发行的债越来越多，接盘侠却不够多。往天朝泼脏水的舆论有不少，但其实只是最简单的supply & demand。

Bond market gyrations are yanking us into uncharted territory

 

US Debt: $7.6 Trillion Will Mature in Next Year - a Third of the Total

 

Us Treasury Yields Surge Linked to Strong Economic Data and High Supply