Trade war turmoil and sharp investor worries over the bond market aren’t prompting much reckoning among House Republicans quite yet.
The bond market began to unravel today shortly after new U.S. tariffs ordered by President Donald Trump hit Chinese imports, and Beijing responded with measures of its own. U.S. Treasury bonds are in the midst of a sell-off, and the 30-year Treasury yield has increased nearly half a percentage point in the last three days, which is the opposite of what usually happens when stocks get clobbered.
