Bonds & Stocks
Stocks climbed after a selloff that chopped trillions of dollars from equity values after Treasury Secretary Scott Bessent said there’s the potential for advantageous trade deals with major US trading partners. The yield on 10-year Treasuries advanced seven basis points to 4.26%
Economy
The US high-grade corporate bond market reopened Tuesday, with the first deal coming forward since President Donald Trump’s tariff announcement sent perceived credit risk surging and helped fuel the biggest one-day loss since 2022.
World
In the first rush for safe havens in years, global investors are finding there are credible alternatives to US Treasury bonds. Yields on the benchmark 10-year Treasury have tumbled about 40 basis points this year, briefly falling below 4% in the past couple of days on President Donald Trump’s barrage of tariffs that economists say raise the risk of a recession.