Westpac said that just as US Treasury Secretary Bezent warns bond investors, US President Trump's proposed trillion-dollar money disbursement plan may make investors cautious. “For decades, the basic collateral assets of the global financial market are now being treated as a joke,” said Martin Wheton, head of financial market strategy at the bank. “It may be an exaggeration to say that the entire system has collapsed, but seeing that the US Treasury Secretary reprimanded bond investors and tried to personally intervene in the market, his boss impromptu decided to add another $1.3 trillion in debt, which is beyond the imagination of any sane investor. Given America's political and economic behavior in front of the world, can it still find buyers to cover its debts? That path, which began in the Rose Garden in April 2025 and was opened by a signature pen, has now gone from being a potential risk to a real shock.”

Westpac said that just as US Treasury Secretary Bezent warns bond investors, US President Trump's proposed trillion-dollar money disbursement plan may make investors cautious. “For decades, the basic collateral assets of the global financial market are now being treated as a joke,” said Martin Wheton, head of financial market strategy at the bank. “It may be an exaggeration to say that the entire system has collapsed, but seeing that the US Treasury Secretary reprimanded bond investors and tried to personally intervene in the market, his boss impromptu decided to add another $1.3 trillion in debt, which is beyond the imagination of any sane investor. Given America's political and economic behavior in front of the world, can it still find buyers to cover its debts? That path, which began in the Rose Garden in April 2025 and was opened by a signature pen, has now gone from being a potential risk to a real shock.”