Arthur Hayes: If the US Treasury cancels Treasury auctions or triggers covert money printing, it could exacerbate the expansion of the money supply

On April 9, BitMEX co-creator Arthur Hayes wrote that if the US Treasury decides to cancel the upcoming 10-year and 30-year Treasury bond auctions, it is a covert money printing act because he will instead consume the TGA (Treasury General Account). This is a simple intermediate step that can quell the chaos before "coward" Powell performs his duties.
Arthur Hayes tweeted a summary of a Bloomberg article, that "Treasury" clearance sale "led to a surge in global long-term yields", 30-year US Treasury yields recently exceeded 5%, setting the largest sell-off since 2020, the past three trading days yields soared by about 40 basis points, global bond yields also rose. At the same time, Hayes tweeted with irony, criticizing Federal Reserve Chairperson Powell for possible easing under pressure.