Post #631 by tecmo on the US Policy board

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https://www.cnbc.com/2025/04/10/trump-acknowledged...

Bond yields soared while equities cratered in the days before Trump said he would rollback some of his retaliatory tariffs on Wednesday. His reversal powered a sharp comeback in the stock market, with the S&P 500
on Wednesday registering its best day since 2008.

Kevin Hassett, director of the U.S. National Economic Council, told CNBC on Thursday that bond market decline contributed to Trump’s decision. The 10-year Treasury yield overnight Tuesday into Wednesday spiked above 4.5% on speculation a big foreign holder like Japan or China was dumping bonds. Bond prices move inversely to yields.

“Everything was moving forward in an orderly fashion,” Hassett said on CNBC’s “Squawk Box.” “There’s no doubt that the Treasury market yesterday made it so that the decision that, you know, it is about time to move was made with, I think, perhaps a little more urgency. But it was going to happen.”

As usual; the Bond market is what is most important...

tecmo
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