#TrumpTariffs
🔴U.S. Treasury bonds🇺🇸 continue their sharp decline today, Tuesday, as investors were forced to sell bonds to cover their losses in other assets, and rushed to calm their expectations for a sharp cut in U.S. interest rates, in the latest worrying sign of the potential for financial markets to face pressure.
📌The trading range for 10-year U.S. Treasury yields recorded on Monday one of the largest moves in the past two decades, coinciding with the evaporation of expectations that the U.S. Federal Reserve would start cutting interest rates in the coming weeks to mitigate the economic impact of massive U.S. tariffs on imports.
📌Yields on 10-year U.S. Treasury bonds jumped from their overnight low of 3.87% to 4.216% during Asian trading.
📌Expectations for interest rate cuts decreased by 130 basis points this year to 92 basis points within a few hours.
