- cross-posted to:
- globalnews@lemmy.zip
- cross-posted to:
- globalnews@lemmy.zip
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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This clusterfuck is getting more serious every day. I wonder where the point of no return is/was.
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…
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If the bond market really starts breaking the fed will step in and buy them which is QE
