April U.S. bond market turbulence: Foreign investors' holdings decrease for the first time in 5 months but remain at a high level.

The data released by the US Department of the Treasury on Wednesday showed that foreign investors' holdings of US Treasury bonds in April were slightly lower than the historical high level, indicating that despite the market impact of President Trump's constantly changing tariff policies, there has not been a significant sell-off. Foreign investors' holdings of US Treasury bonds fell from the historical high of $9.049 trillion in March to $9.013 trillion, the first decline in five months. Previously, the US announced tariffs on April 2, leading to a decline in the stock market and the US dollar, as well as volatility in US Treasury bonds. "As for whether people are really worried about a massive sell-off of US Treasury bonds, what we see from these data is actually not the case," said Zachary Griffiths, director of investment grade and macro strategy at Credit Sights in Charlotte. "This wave of selling is quite mild."