Trump Tariffs Trigger Bond Market Sell-Off
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President Trump's tariff actions caused a significant sell-off in US government bonds and the dollar, raising concerns about the safety of these assets during market turmoil. Yields on 10-year Treasuries whipsawed, rising sharply then falling slightly to 4.35%, while 30-year bond yields reached 4.74%. Short-term bond yields also surged. Conversely, German government bond yields fell and gold prices rose, suggesting investors sought alternative safe havens.
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