Treasuries joined a selloff in global bonds and stocks pulled back as President Donald Trump’s Greenland-related tariff threats reignited trade tensions, testing market confidence after a rally fueled by investments in artificial intelligence.
Treasuries fell as trading of the securities resumed after a US holiday Monday on concern the Trump administration’s aggressive stance toward global peers will curb demand for American assets. Longer maturities led losses, with the 30-year yield climbing six basis points to 4.90%. A slump in Japanese bonds deepened, sending yields soaring to records as investors gave a thumbs down to Prime Minister Sanae Takaichi’s election pitch to cut taxes on food.
