Director of the National Economic Council: Turmoil in the bond market increases the urgency to suspend tariffs
ChainCatcher news, according to Jinshi Data, U.S. National Economic Council Director Hassett stated that the volatility in the bond market is not the direct reason for Trump's suspension of tariffs, but it may have added "a bit of urgency" to this decision."Everything is proceeding in an orderly manner. There is no doubt that the bond market reacted this way yesterday, you know, it's time to take action, and I think it might be a bit more urgent. But this will happen," Hassett said.On Wednesday overnight, the yield on the U.S. 10-year Treasury rose above 4.5%, and the yield on the 30-year Treasury soared above 5%, causing bond prices to plummet.
