Bonds & Stocks
US government debt has returned 2.4% so far this year, pushing yields to their 2025 lows as the equity market sold off and President Donald Trump’s tariff agenda drew reprisals from trade partners — which led to forecasts for less economic growth and a resurgence of inflation.
Economy
The Bank of Japan kept its key policy rate unchanged and signaled growing unease over the potential impact on the global economy from escalating trade tensions.
World
Turkish authorities detained President Recep Tayyip Erdogan’s top political rival on corruption charges and later intervened heavily in the currency market to stem the worst selloff the country has seen in years.