Bonds bombed
Why should foreigners keep buying US Treasuries? And will Trump’s climbdown on tariffs be enough to reassure them?
Before President Trump announced a 90-day pause in higher tariffs, the yield on the 10-year US Treasury note rose to 4.474%, before settling back at 4.40% at yesterday’s close. It blasted through its 55-day and 200-day moving averages in the sharpest daily move for some time.
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