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Dramatic sell-off of US government bonds as tariff war panic deepens (www.theguardian.com)

submitted 4 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

US government bonds are experiencing a major sell-off amid market panic over Donald Trump’s renewed tariff war with China, including 104% levies on Chinese goods.

The 10-year Treasury yield surged to 4.42%, with the 30-year briefly exceeding 5%, marking the largest intraday moves since Trump’s 2016 election.

Analysts warn of a potential emergency Fed rate cut. Global markets slumped, while China vowed retaliation. UK gilt yields also spiked, worsening borrowing conditions.

China’s bond-holding strategy remains unclear, raising further concerns for US financial stability.

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[–] cronenthal@discuss.tchncs.de 6 points 4 months ago (1 children)

This clusterfuck is getting more serious every day. I wonder where the point of no return is/was.

[–] naught101@lemmy.world 2 points 4 months ago

Trump could undo everything of the last 10 weeks and investor confidence in the US would still be shot, because he's unpredictable. I can't imagine anything short of him stepping down would turn this around..