We have been hyper-focused on how the stock market dropped ever since Trump declared trade war on the entire world, how he kept upping the ante, demanding ever higher degrees of compensation from our trade partners, even those who appeared to be acting in good faith and wanting to negotiate peace. He was also goaded by two of the most hawkish and protectionist advisers to have ever set foot in the White House: Howard Lutnick, the commerce secretary, and Peter Navarro, who holds the title of senior counsel to the president. That’s what the bond market was signaling Tuesday night, bringing real panic as the yield on the 10-year bond shot to 4.51% and the yield on the 30-year bond jumped above 5%.
Author: Charles Gasparino
Published at: 2025-04-09 21:57:12
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