Arthur Hayes： If the US Treasury cancels the auction of treasury bond bonds or triggers "covert printing", it may aggravate the expansion of money supply Arthur Hayes, co-founder of BitMEX, said in a paper that "if the US Treasury Department decides to cancel the upcoming 10-year and 30-year treasury bond bond auctions, it is a covert money printing act, because it will consume the TGA (general account of the Treasury Department) instead. This is a simple intermediate step, which can calm the chaos before the 'coward' Powell performs his duties". Hayes' tweet tone is ironic, criticizing Federal Reserve Chairman Powell for potentially adopting loose policies under pressure. Arthur Hayes forwarded an abstract of a Bloomberg article in his tweet, that is, "treasury bond" clearance sale led to a surge in global long-term yield ". The yield of 30-year U.S. treasury bond recently exceeded 5%, the largest selling trend since 2020. The yield has soared about 40 basis points in the past three trading days, and the global bond yield has also risen.