Bond markets whipsaw amid 'sell America' trade in safe-haven Treasuries
Treasury bonds are suffering some of the steepest near-term losses in five years.
U.S. Treasury bond yields continued to spike in early Wednesday trading, extending one of the sharpest selloffs since the global pandemic, as investors grow increasingly concerned that President Donald Trump's tariff gambit will stoke inflation risks and push the economy closer to recession.
Trump's sweeping trade levies, including a crippling 104% tariff on China-made goods, went into effect early today, with China hitting back with its own 84% tariff retaliation, sending global stocks sharply lower and pushing the U.S. dollar to the lowest levels since September.
