Instant View: Investors react as stocks jump on Trump's tariff pause
  • April 9, 2025

Instant View: Investors react as stocks jump on Trump's tariff pause

Wall Street surged after U.S. President Donald Trump announced a 90-day pause in tariffs unveiled last week that roiled markets and erased trillions of dollars from global stock markets. The policy changes also include a lowered overall tariff of 10% during that 90-day period, and an increase in tariffs on Chinese imports to 125%, from the 104% that went into effect overnight. TREASURIES: U.S. Treasury benchmark yields pared gains after the tariff announcement, following a government auction of $39 billion 10-year notes that suggested good demand.

Bond Markets Retreat as US Treasuries Lead Yield Jump Worldwide
  • April 9, 2025

Bond Markets Retreat as US Treasuries Lead Yield Jump Worldwide

(Bloomberg) -- A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sold government bonds.The yield on 30-year Treasuries briefly pushed over 5% in Asia and the pressure seeped into other markets, with yields rising sharply in Australia, the UK and in the developing world. The selloff eased during the US trading day as stocks rebound

US corporate bond market dries up on Trump tariff volatility
  • April 9, 2025

US corporate bond market dries up on Trump tariff volatility

(Reuters) -U.S. corporate bond market issuances have dried up after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's sweeping tariffs widened the most since the 2023 regional banking crisis. Since Trump's tariff announcements exactly one week ago on April 2, corporate bond spreads, or the cost to borrow, have widened to their highest levels in nearly two years. Both investment-grade and junk bond spreads have seen the most one-week widening since the regional banking stress in March 2023 that resulted in the collapse of Silicon Valley Bank and other banks, according to Dan Krieter, director of fixed income strategy at BMO Capital Markets.

European Stocks Sink as EU, China Retaliate on Trump’s Tariffs
  • April 9, 2025

European Stocks Sink as EU, China Retaliate on Trump’s Tariffs

(Bloomberg) -- European stocks fell to the lowest since January 2024 as the EU and China retaliated with higher tariffs on the US, escalating President Donald Trump’s trade war.The Stoxx Europe 600 Index tumbled 3.5% by the close, with about 97% of its constituents in the red. Health care, energy and real estate stocks fell the most.The European Union approved tariffs on €21 billion ($23.2 billion) of US goods in retaliation for the 25% duties Trump imposed last month on the bloc’s steel and alu