Reported 8 days ago
U.S. President Donald Trump's announcement to pause imposed tariffs followed a turmoil in the $29 trillion Treasury market, characterized by a notable selloff that caused a significant rise in 10-year borrowing costs. While yields initially surged toward their highest levels in over a decade, they settled lower after the pause. Market stresses reflected a potential crisis similar to past financial disruptions, underlining the crucial role of the Treasury market in global financial stability.
Source: YAHOO