Breaking Down the Bond Market Rout With Greg Peters

Greg Peters, Co-CIO at PGIM Fixed Income, discusses the bond market rout this morning. China retaliated to US tariffs with new levies of its own, causing a global market selloff, with US equity futures falling over 2% and European stocks plunging 4%. The selloff has affected various markets, including currencies, cryptocurrencies, bonds, and commodities, with oil prices falling to around $55 a barrel and the dollar weakening. He speaks with Bloomberg's Tom Keene and Paul Sweeney.
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[prashanthb]

4.4% on 10Y bonds is the opposite of what Trump had hoped for.

[OblongObjectontheloose-jr]

Some idiots gave a toddler a box of matches, and a lake of gas. Boom!

[zimti]

Tariffs on Tariffs off Tariffs on Tariffs off Tariffs on Tariffs off

The world is so over America at this point, you have no Allies anymore!!!

[kwilson]

It's unlikely that anyone would ever again be foolish enough to invest in a country that tariffs penguins.

[arydze]

Where is Congress to stop this madness?

[inquisitvem]

Trump got scared…bond market scared the sh* out of him, thus the pause.

[aiueo]

China, the second-largest holder of U.S. Treasury bonds in the world, has started selling them in large quantities. Last week, Trump also picked a fight over the phone with the Japanese prime minister. If Japan, the largest holder of U.S. Treasury bonds, starts selling, it will be the end.

[Bobkanada]

Stock up on rice, beans, potatoes and coffee.

[dr.juanmurua]

The USD is losing buying power, T-Bonds are losing investment appeal and thus the need to hike the yield, to attract investors. Market shares being ditched due to uncertainty, and some nutty guys still expect a good result out of it?

[jonnelson]

According to my YouTube education the reason that the US has maintained the dollar as the global currency is because we ran trade deficits. If that’s correct Trump may be the one to end that.

[kenvalenti]

Chaos and confusion.
Businesses stop investing and consumers stop spending.
Engineered stagflation.

[weho_brian]

all they had to do was sell US Treasuries 😆 How much leverage and negotiating power did we lose?

[apunchingcat]

Who sold US bonds?? Either a hedge fund in Japan or China or both. It was sold during lunch time in Japan when market was closed.

[ArendJanV]

This reminds me about Liz Truss and her crazy Kamikwasi minister.

[smash_]

he exempt the tariffs till all iPhones are ship back to the country and immediate tariffs again

[bobthompkins]

Hello. 7% 30yr mortgage rates by the end of the month. May 25. 7.50 % interest rate? ARE WE HEADED IN THAT DIRECTION

[smash_]

the country is collapsing really fast. economy collapsing faster than inflation

[wegder]

White House aide Peter Navarro said Sunday that he expects President Donald Trump’s tariffs to bring in $6 trillion in revenue in the next decade, which could amount to the largest tax hike in US history.

[aheroictaxidriver]

Yields rose on anticipation of China liquidating its position.

[smithjane]

foreign investors purchased about 89% of the treasuries at auction yesterday. who were the foreign investors?