“I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter,” said Democratic Party strategist James Carville in the 1990s. “But now I would like to come back as the bond market. You can intimidate everybody.”
US government bonds, known as Treasuries, are “traditionally seen as a safe haven because they are guaranteed by the world’s biggest economy”, said The Guardian. But recent turmoil in the US bond market has called that certainty into question – and brought Donald Trump‘s tariff blitzkrieg to an abrupt halt.
