Calm descended on the bond market on Thursday after a chaotic week of trading, but there are concerns that the reprieve may be fleeting with long-term US borrowing costs set to climb again because Donald Trump’s escalating trade war could put off foreign investors.
Yields on US Treasuries whipsawed overnight after the US president paused most of the levies he had threatened the week before for 90 days whilst heaping further pressure on Beijing.
Source: https://www.afr.com/markets/debt-markets/calm-descends-on-bond-markets-but-tariff-war-will-push-yields-higher-20250410-p5lqng