Bond Rebound Relieves Markets Dazed by Week of Trade Turmoil

Wall Street on Monday finally caught a respite from the deep selloffs and unusually sharp swings that have raced through markets ever since President Donald Trump unleashed his global trade war.

That was most evident in the Treasuries market. US government bonds rebounded from a five-day selloff that last week sent 10-year yields surging by the most in over two decades and fanned fears that an accelerating exodus from the securities would push the financial system toward a crisis.