I think (speculation) the dumper is China. There are inaccuracy in this video. At the end, the person stated China as the largest foreign holder of US treasuries. actually, not true, number one is Japan at 1 trillion, China is ranked number 2 at 760b.
I am interpreting between the lines here: someone dumped US bond (probably the fed reserves and fed cabinet would know), and no one want US bond, so they need to issue higher interest rate to attract buyers. if this is actually the case, and the tariff essentially made US fed realized, no one actually want US bond, and past bond holders were forced to buy USD bonds (because there was no better alternative for their USD). If trump actually stick to the tariff, USA is actually the one with a bad hand, because everyone else can pretty much go "no, we dont want your bond, give us back the principle in cash" then US fed is essentially screwed, because the alternative is default, and sending their credit to the bottom, and interest rate through the roof, watch as USD essentially become worthless overnight (like the german marks).
also notice how the guy emphysised on the "success of bond auction" well, i think it is a fake title, since the yield is hitting record high, this contradict the "success"
here is my source "After the auction, the 10-year yield was last at 4.38% , down from 4.466% just before the 1300 EDT auction. That said, the 10-year has risen sharply this week by 37 basis points, on track for its largest weekly gain since June 2013." ()
so essentially, 10 year bond yield went from 4.096 to 4.466, up 37 basis point due to the over night dumping. and when the auction came, it only recovered 8 basis point, so it is still up 29 basis point.
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