U.S. Bond Market Volatility Adds Urgency to Tariff Decision

According to PANews, U.S. National Economic Council Director Kevin Hassett stated that while the volatility in the bond market was not the direct cause for U.S. President Donald Trump's decision to pause tariff imposition, it may have added a sense of urgency to the decision. Hassett remarked that everything is proceeding in an orderly manner, and the reaction of the treasury market yesterday indicated that it was time to act, possibly with increased urgency. On Wednesday night, the yield on the U.S. 10-year Treasury bond rose above 4.5%, while the 30-year Treasury bond yield surged past 5%, leading to a sharp decline in bond prices.