US bond markets slid on a volatile trading day, driven by concerns about the escalating global trade war overshadowing cooling inflation data. The two-year Treasury yield dropped four basis points to its lowest point of the session before recovering, while the 10-year yield surged as high as 4.33%.
Source: https://www.bloomberg.com/news/articles/2025-03-12/us-bonds-shrug-off-cooler-inflation-with-fed-cut-views-intact