Treasury Yields Soared on Tuesday. Why That Could Be a Big Problem

Key Takeaways The bond market, which has made President Donald Trump rethink policy before, is protesting again and sending borrowing costs higher. It's a dynamic that, in the past, has helped convince Trump to back away from some policies. In April, he scaled back his Liberation Day tariffs after bond markets sold off sharply. In July, he backed away from firing Federal Reserve Chair Jerome Powell after markets showed their disapproval. A series of factors, including Trump's ongoing tensions with the Fed, ...