The bond market — not a plunging stock market — is the talk of Wall Street with prices tumbling and yields spiking, unusual action during times when fears of a recession are growing where fixed income is typically considered a reliable safe haven.
The 10-year Treasury yield jumped 12 basis points to 4.386% and at one point overnight climbed above 4.5%. The yield has rebounded through where it was the day before President Donald Trump’s tariff plan was unveiled last Wednesday and is...
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