# Treasury Bond pressure as an international response to Trump's tariffs and Carney's supposed role **URL:** \ **Category:** Politics & Elections\ **Tags:** trump\ **Created:** [April 11, 2025, 3:06pm UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908 "2025-04-11T15:06:15Z")\ **Posts on this page:** 6\ **Page:** 2
**Author:** ![Cervaise](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cervaise/32/16693_2.png) [@Cervaise](https://boards.straightdope.com/u/Cervaise)\ **Post date:** [April 14, 2025, 7:42am UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/21 "2025-04-14T07:42:18Z")
> [@Measure\_for\_Measure](#): > > Noah Smith This describes me and my wife. We still have some money in the US but are taking active steps to pull everything over to Europe before the bottom falls out. ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [May 11, 2025, 1:08pm UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/22 "2025-05-11T13:08:45Z")
More speculation: > **[Opinion: Did Carney, the banker, use his bond-market black magic on Trump?](https://www.theglobeandmail.com/business/commentary/article-did-carney-the-banker-use-his-bond-market-black-magic-on-trump/)** > > Did Mark Carney threaten to dump U.S. bonds and thus drive up interest rates south of the border, and even co-ordinate with allies to do so? ---
**Author:** ![elbows](https://avatars.discourse-cdn.com/v4/letter/e/b3f665/32.png) [@elbows](https://boards.straightdope.com/u/elbows)\ **Post date:** [May 11, 2025, 11:20pm UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/23 "2025-05-11T23:20:24Z")
Not able to read without a subscription, I’m afraid! ---
**Author:** ![Palooka](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/palooka/32/2902_2.png) [@Palooka](https://boards.straightdope.com/u/Palooka)\ **Post date:** [May 11, 2025, 11:43pm UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/24 "2025-05-11T23:43:10Z")
I have one. The gist of it is that there isn’t much evidence to support the claim and Canada doesn’t hold enough US debt to have an impact. The author thinks the most likely explanation is that bondholders got skittish without coordination because the US is now crazytown. (Paraphrased) ---
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [May 12, 2025, 1:18am UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/25 "2025-05-12T01:18:22Z")
> [@elbows](#): > > Not able to read without a subscription, I’m afraid! I don’t have a subscription, but was able to read it from my Google feed this morning. Can’t read it now from the same link here. ---
**Author:** ![FluffyBob](https://avatars.discourse-cdn.com/v4/letter/f/ecb155/32.png) [@FluffyBob](https://boards.straightdope.com/u/FluffyBob)\ **Post date:** [May 12, 2025, 4:16am UTC](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908/26 "2025-05-12T04:16:38Z")
After some earlier posts and a little research I take it as pretty clear now that there has not been much to connect bond sell off to Carney in particular. There is little question Carney has a deep understanding of such things, but building him up as some manipulative wizard comes off little better than characterizations of Trump playing 4d chess. The more I read about it the more it appears to be just another mechanism of international finance that would be known yo competent parties. There is mention of [Japan](https://www.reuters.com/markets/asia/japans-us-treasury-holdings-among-tools-trade-talks-finance-minister-kato-says-2025-05-01/) and other parties acknowledging treasury bonds as a tool in a trade war. [Previous page](https://boards.straightdope.com/t/treasury-bond-pressure-as-an-international-response-to-trumps-tariffs-and-carneys-supposed-role/1016908.md?page=1)