The US bond market came under pressure as investors dumped stocks, US bonds, and the dollar after losing its triple-A bond rating. The move suggests concerns over President Donald Trump’s trade war and rising federal deficits. Initial yields on 10-year and 30-year Treasurys rose sharply due to inflation fears fueled by higher tariffs and potential tax cuts. Despite receding morning highs, these bonds remain important as they impact borrowing costs for millions of consumers and businesses.
Source: https://www.washingtonpost.com/business/2025/05/19/us-treasury-bonds-tax-immigration-trump