US Treasury bonds fell for the fifth day in a row. As investors withdrew from US assets, long-term treasury yields were approaching one of the biggest weekly increases since the 80s of the last century. On Friday, 10-year US Treasury yields rose 16 basis points to nearly 4.6%, up more than half a percentage point from last weekend. The sharp rise in yield is the opposite of the Trump administration's announced goal of lowering long-term interest rates to ease the burden on households and businesses. The current stock market crash was triggered by the US trade war that shook the global market, and it may hit the economy once again by driving up borrowing costs more broadly. It also raised doubts about the status of US Treasury bonds as a global safe haven.

US Treasury bonds fell for the fifth day in a row. As investors withdrew from US assets, long-term treasury yields were approaching one of the biggest weekly increases since the 80s of the last century. On Friday, 10-year US Treasury yields rose 16 basis points to nearly 4.6%, up more than half a percentage point from last weekend. The sharp rise in yield is the opposite of the Trump administration's announced goal of lowering long-term interest rates to ease the burden on households and businesses. The current stock market crash was triggered by the US trade war that shook the global market, and it may hit the economy once again by driving up borrowing costs more broadly. It also raised doubts about the status of US Treasury bonds as a global safe haven.