TechFlow, April 10 — According to Jinshi Data, National Economic Council Director Hassett said that volatility in the bond market was not the direct reason for Trump's suspension of tariffs, but may have added "a bit of urgency" to the decision.
"Everything was moving along in an orderly fashion. There's no question that yesterday's Treasury market reaction indicated, you know, it was time to act, and I think perhaps with a bit more urgency. But this was going to happen anyway," Hassett said.
Overnight on Wednesday, U.S. 10-year Treasury yields rose above 4.5%, while 30-year Treasury yields surged past 5%, causing bond prices to plummet.
Add to Favorites
Share to Social Media
