Global markets experienced turmoil as US Treasury yields surged to their highest point since February, fueled by concerns over Donald Trump's unpredictable trade policies. Investors are losing faith in US assets, leading to a sell-off and a weakening dollar. Poor liquidity in the Treasury market is exacerbating the situation, with market depth significantly below normal. The sell-off is impacting global markets, with assets like German Bunds benefiting from the exodus from US bonds. Experts express concern over a potential loss of confidence in the world's strongest bond market.

Prepared by Christopher Adams and reviewed by editorial team.