U.S. Treasury Comments Shake Markets Amid Trade War Drama
๐๐ฌ๐บ๐ธ๐ฃ๐
The U.S. 10-year Treasury yield just spiked +6bps after Treasury Secretary Besant spoke on Fox News, defending the 90-day pause in EU trade talks.
But hereโs the twistโฆ
President Trump wasnโt buying it โ he slammed the EU's proposal and dropped a 50% tariff bomb on EU goods, plus 25% on Apple if they donโt build in the U.S.
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The fallout:
๐ป S&P 500 dropped 200 points
๐ฅ Bond yields surged instead of dipping
๐ Bitcoin briefly pulled back
๐ฏ Besantโs comments missed Trumpโs goal to drive yields down
Marketโs confused. Traders rattled. Is this just the beginning of a bigger trade war?
Drop your thoughts below!
