美国市场在马丁·路德·金纪念日长周末后开盘，遭遇日本隔夜债券暴跌以及唐纳德·特朗普的新一轮威胁，包括提高关税和再次暗示攻击美国盟友。日本40年期国债收益率创下纪录高位，市场担忧首相高市早苗可能发起的突然选举将推动进一步恶化国家财政的政策。交易员称这是近年最混乱的一次交易时段，收益率出现自4月2日特朗普宣布贸易战以来的最大波动。
美国方面同样陷入动荡。格陵兰领导人周二警告民众为可能的美国入侵做准备。79岁的美国总统据称出于“心理”原因希望吞并该岛，并在深夜社交媒体发文中暗示对加拿大也有类似意图，尽管1951年的一项条约已赋予美国在当地的军事自由。随着新的对欧关税威胁出现，“抛售美国”情绪卷土重来：美国国债下跌、美元走弱，标普500指数下跌超过2%，抹去全年涨幅，创下逾三个月来最严重跌幅；VIX指数升至11月以来最高；黄金价格飙升至每盎司4,700美元以上，成为自特朗普所谓“解放日”以来最糟糕的一天。
欧洲部分机构开始考虑彻底与美国脱钩。丹麦养老基金AkademikerPension表示将于本月底前退出美国国债投资，这一曾被认为不可想象的决定被归因于特朗普的政策以及美国自身带来的巨大信用风险。该基金首席投资官安德斯·舍尔德表示，即便数月后局势可能趋稳、特朗普无法再次当选，未来五年、六年甚至十年的不确定性仍然存在。
US markets opened after the Martin Luther King Jr. holiday weekend to an overnight bond implosion in Japan and renewed threats from Donald Trump, including tariff hikes and fresh allusions to attacking American allies. Japan’s 40-year government bond yield hit a record, driven by fears that a snap election by Prime Minister Sanae Takaichi could enable policies worsening the nation’s finances. Dealers described the session as the most chaotic in recent memory, with yields posting their biggest move since Trump announced his trade war on April 2.
The United States added its own turmoil. Greenland’s leader warned citizens to prepare for a possible US invasion. The 79-year-old president reportedly seeks to annex the island partly for “psychological” reasons and hinted in a late-night social media post at annexing Canada as well, despite a 1951 treaty already granting the US broad military access. A renewed “Sell America” trade followed: Treasuries fell, the dollar slid, and the S&P 500 dropped more than 2%, erasing the year’s gains in the steepest decline in over three months; the VIX reached its highest level since November; and gold surged above $4,700 an ounce, marking the worst US market day since Trump’s so-called liberation day.
Some in Europe are reassessing their exposure altogether. Denmark’s pension fund AkademikerPension said it will exit US Treasuries by the end of the month, citing Trump’s policies and the substantial credit risk posed by the US itself. Chief investment officer Anders Schelde warned that even if conditions calm in coming months and Trump cannot be reelected, uncertainty over the next five, six, or 10 years remains.