This is an audio transcript of the Behind the Money podcast episode: ‘Lessons from the recent US Treasuries sell-off’
Michela Tindera
In recent weeks, the news of US President Donald Trump’s tariffs have caused a lot of instability. For the first few days, it seemed like maybe he was gonna try to ride it out, even as markets cratered. But then, there was one market that caused him to blink and pause many of those tariffs.
Donald Trump voice clip
I was watching the bond market. The bond market is very tricky. I was watching it, but if you look at it now, it’s beautiful. The bond market right now is beautiful. But yeah, I saw last night where people were getting a little queasy.
Michela Tindera
What Trump’s talking about here is the US Treasuries market — the largest bond market in the world.
Kate Duguid
People were selling Treasuries. And that prompted a lot of fear, a lot of speculation, a lot of concern. Everybody was trying to…
