Overview

• The 10-year Treasury yield is on track for its largest weekly increase since 2001, reaching 4.494% on Friday.
• The 30-year Treasury yield has risen 53 basis points this week, marking its sharpest increase since 1982, with yields nearing 5%.
• President Trump announced larger-than-expected tariffs last week, followed by a 90-day pause for most countries, which temporarily stabilized markets midweek.
• Hedge funds and asset managers offloaded bonds due to margin calls and sharp losses, exacerbating market volatility and liquidity challenges.
• Economic indicators, including falling U.S. producer prices, a weakening dollar, and rising gold prices, reflect growing concerns about global economic stability.