Trump’s Greenland, Tariff Threats Revive ‘Sell America’ Trade
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Photographer: Bloomberg
US markets woke up from the extended Martin Luther King Jr. holiday weekend to an overnight bond implosion in Japan and fresh threats by Donald Trump, including tariff hikes and more allusions to attacking American allies.
Japan’s 40-year bond yield hit a record amid heightened concern that a snap election called by Prime Minister Sanae Takaichi might pave the way for policies that exacerbate the nation’s finances. Dealers said it was the most chaotic session in recent memory, with yields making their biggest move since Trump announced his trade war on April 2.