US Treasuries Surge as Tariff Countdown Spurs Risk-Asset Exodus
From Yahoo Finance: 2025-03-31 05:04:00
US Treasuries surged as global markets braced for Trump’s trade tariff announcements. Shorter maturities rose as traders anticipate deeper Fed rate cuts. Recession fears boost demand for safe assets, pushing S&P 500 to worst quarter since 2022. Longer-dated Treasuries also gained, with the 10-year yield dropping to 4.20%. Analysts expect weak job report to further rally bonds. Trump’s plans for reciprocal tariffs on all countries unsettle markets. Fed Chair Powell awaits clarity on economy impact. Goldman Sachs predicts more Fed cuts amid growing trade tensions. Market expects over three rate cuts by year-end.
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