..and just like that, US 10yr is down to 4.49pc and US 30 yr yield to 5pc
There it is: The trade war is back just as the 10Y Note Yield crosses above 4.60%.
This morning, President Trump threatened 25% tariffs on Apple, $AAPL, and 50% tariffs on the EU beginning June 1st.
Now, yields are pulling back sharply as recession worries resurface. The drop in yields on this announcement will only give MORE of a reason for President Trump to prolong the trade war.
As we have said MULTIPLE times, a trade war accomplishes all of Trump's economic goals at once.
Trump wants lower rates, the Fed won't cut, so he will get them the hard way.
