The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Images
The U.S. Treasury market over the past week saw investors fleeing the safe haven, in an unusual move that added to the market turmoil caused by U.S. President Donald Trump’s “reciprocal” tariffs — forcing him to suspend the duties.
In just a few sessions, yield on the 10-year Treasury soared to 4.592% on Friday, the highest since February. Similarly, the 30-year Treasury bond yield notched its highest since November 2023 last Wednesday. While yields have ticked lower since then, they still remain elevated.
Yields rose around 50 basis points in the five days to April 11, according to data from LSEG.
With recession fears mounting and markets remaining volatile, the sell-off in Treasurys was unusual as during times of uncertainty investors generally tend to flock to the safety of U.S….
