Wall Street Panic Extends To Main Street As US-China Trade War Escalates, Bond Vigilantes Make A Comeback: This Week In Markets

President Donald Trump's aggressive trade tariffs extend beyond Wall Street, rattling the Treasury market and the U.S. dollar. The turmoil is now challenging the long-held narrative of “American exceptionalism” that has underpinned global confidence in the U.S. economy for decades.

A broad trade-weighted measure of the dollar fell Friday to its lowest level since April 2022. The greenback is now down 10% since Trump's inauguration, raising concerns about its global reserve status.

Although recent March inflation reports showed cooling price pressures across both consumer and producer markets, bond markets didn't react with the usual optimism.

Long-dated Treasury yields climbed steadily all week, with the 10-year yield breaking past 4.50% , a level not seen since February. The 30-year yield ...

https://www.benzinga.com/25/04/44774499/wall-street-panic-extends-to-main-street-as-us-china-trade-war-escalates-bond-vigilantes-make-a-comeback-this-wee